Core Viewpoint - Vedanta Ltd has secured a five-year power purchase agreement with Tamil Nadu Power Distribution Corporation Ltd (TNPDCL) for the supply of 500 MW of electricity at a tariff of Rs 5.38/kWh, enhancing revenue visibility and financial strength as the company prepares for a proposed demerger of its power portfolio [1][2][7]. Group 1: Agreement Details - The agreement involves Meenakshi Energy Limited (MEL) supplying 300 MW and Vedanta Limited Chhattisgarh Thermal Power Plant (VLCTPP) supplying 200 MW to TNPDCL [1][7]. - The contract is effective from February 1, 2026, to January 31, 2031, at a tariff rate of Rs 5.38/kWh [2][7]. Group 2: Operational Capacity and Growth - Vedanta operates nearly 12 GW of thermal power capacity across its businesses, including approximately 5 GW of merchant power assets in Punjab, Andhra Pradesh, Chhattisgarh, and Odisha [6][7]. - The company acquired Meenakshi Energy, a 1,000-MW thermal power plant, in 2023 and achieved full operational capacity within two years [6][7]. - The 1,200-MW Vedanta Limited Chhattisgarh Thermal Power Plant, acquired in 2022, commissioned its first 600 MW unit in August 2025 [6][7].
Vedanta signs pact with Tamil Nadu discom for supply of power
The Economic Times·2025-11-06 09:43