“Adani Power had in December last year sent a proposal to the Jharkhand government for setting up 1,600 MW power plant in the state,” a source privy to the development said, adding that the company plans to build two power units of 800 MW each.
The pact is under consideration of the High-Powered Committee under the Chairmanship of Chief Secretary of Jharkhand, the source said, adding that the “Jharkhand government is actively considering the proposal of Adani Power.”
“The proposal is likely to come up before the High-Powered Committee in a meeting likely next week in which a final call may be taken on the same,” the source said, adding that the company is in the process of identifying land for the power plant.
The Gautam Adani-led power major had reported narrowing of consolidated net loss for the September quarter at Rs 369.08 crore, helped by higher sale of electricity.
The net loss after taxes and minority interest stood at Rs 369.08 crore for the said quarter compared with Rs 798.71 crore a year earlier, Adani Power had earlier said in a BSE filing.