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Adani Power
BSE: 533096|NSE: ADANIPOWER|ISIN: INE814H01011|SECTOR: Power - Generation/Distribution
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Company History - Adani Power
The Company was incorporated as Adani Power Limited on August 22, 1996
 and  received a certificate of commencement of business on September
 4, 1996. The   Company became a private limited company on June 3,
 2002 and the name of the  Company was subsequently changed to Adani
 Power Private Limited. The RoC  issued a fresh certificate of
 incorporation on June 3, 2002.
 
 The Company was, thereafter, converted into a public limited company
 on April 12,  2007 and the name of the Company was changed to Adani
 Power Limited. Further,  upon ceasing to be a private limited
 company, the word private was deleted through  a special resolution
 at the EGM of the Company held on March 28, 2007. The fresh
 certificate of incorporation consequent to change of our name was
 granted by the  RoC to our Company on April 12, 2007.
 
 The Company was originally incorporated by Mr. Gautam S. Adani and 
 Mr. Rajesh S. Adani, together with their relatives. In 2004, pursuant
 to internal  restructuring amongst the Promoters, the entire
 shareholding of the Company  was transferred to Mundra Port and
 Special Economic Zone Limited (MPSEZL).  Subsequently, on May 29,
 2006, MPSEZL transferred its entire shareholding in the  Company to
 Adani Enterprises Limited.
 
 Key Milestones
 
 The table below sets forth some of the key events and milestones in
 the history of  our Company:
 
 Date                                  Details
 
 August 22, 1996               Incorporation of the Company
 
 September 20, 2006         Execution of Loan agreement (financial
 closure) with Lenders 
                                          of Mundra Phase I Power
 Project
 
 December 8, 2006           Coal supply agreement with AEL for Mundra
 Phase I Power Project, 
                                          which was extended to Mundra
 Phase II Power Project through 
                                         amendment agreement dated
 August 10, 2007  
 
 February 2, 2007             Execution of PPA with GUVNL for 1,000
 MW
 
 February 6, 2007             Execution of PPA with GUVNL for 1,000
 MW
 
 June 27, 2007                 Execution of subordinate loan agreement
 for Mundra Phase I and II 
                                         Power Project
 
 July 25, 2007                   Execution of Loan agreement
 (financial closure) with Lenders of Mundra 
                                         Phase II Power Project
 
 September 28, 2007        Execution of Investment Agreement with 3i
 Power Investment A1 Limited
 
 November 6, 2007          Allocation of Lohara West and Lohara
 Extension (E) Coal mining blocks 
                                        for Tiroda  Power Project
 
 January 15, 2008            Execution of Shareholder Agreement with
 Millennium Developers Private 
                                         Limited for investment in
 Tiroda Project
 
 February 1, 2008            Agreement to Lease for 204.28 ha signed
 with Maharashtra Industrial 
                                       Development Corporation for
 Tiroda Project
 
 March 24, 2008             PPA with AEL for 221 MW
 
 March 24, 2008             Coal supply agreement with AEL for Mundra
 Phase III Power Project
 
 March 27, 2008             Execution of loan agreement (financial
 closure) for Mundra Phase III Power 
                                       Project
 
 March 27, 2008             Execution of subordinate loan agreement
 for Mundra Phase III Power Project
 
 March 28, 2008             Execution of foreign currency loan
 agreement for Mundra Phase III Power 
                                       Project
 
 April 15, 2008                Coal supply agreement with AEL for
 Mundra Phase IV Power Project, which 
                                       was amended on April 13, 2009
 
 August 7, 2008             PPA with UHBVNL for 712 MW
 
 August 7, 2008             PPA with DHBVNL for 712 MW
 
 September 8, 2008       PPA with MSEDCL for 1,320 MW
 
 November 24, 2008     Investment Agreement with Ventura Power
 
 January 8, 2009           Co-developer agreement with MPSEZL
 
 January 30, 2009         Execution of loan agreement (financial
 closure) for Tiroda Power 
                                      Project - Phase I
 
 March 25, 2009           Boiler light-up of unit I of Mundra Power
 Project - Phase I
 
 March 27, 2009           Share subscription agreement with Somerset
 Fund
 
 May 23, 2009              Synchronization of unit I on Mundra Phase I
 Power Project
 
 June 24, 2009            Execution of loan agreement (financial
 closure) for Mundra Phase IV 
                                    Power Project
 
 June 24, 2009            Execution of subordinate loan agreement for
 Mundra Phase IV Power Project.
 
 2010
 
 -First project in the world to be certified as Clean Development
 Mechanism (CDM) Project by United Nations Framework Convention on
 Climate Change {UNFCCC}
 
 -Adani Power Limited was awarded KPMG INFRASTRUTURE TODAY AWARD 2010
 for successfully generating over 1000MW power as per the committed 
 
 2011
 
 -Adani Power conferred with National Energy Conversation Award 2011.
 
 2012
 
 -Adani's Mundra plant to earn Rs. 600 cr in carbon credits The
 world’s first coal fired plant to receive carbon credits
 
 -Scheme of Amalgamation of Growmore Trade & Investment Pvt. Ltd.,
 Mauritius with Adani Power Limited has been sanctioned by the Hon'ble
 High Court of Gujara
Source : Dion Global Solutions Limited
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