Adani Power Gets Creditors Nod to Acquire Vidarbha Industries Power

Adani Power has received approval from the committee of creditors to acquire Nagpur based Vidarbha Industries Power Ltd (VIPL), which is currently undergoing insolvency proceedings.

Adani Power submitted a resolution plan to acquire VIPL, which was approved by the Committee of Creditors (CoC) on February 24, 2025. Adani Power received a Letter of Intent (LOI) from the Resolution Professional, marking a significant step towards the acquisition.

VIPL was a subsidiary of Reliance Power before undergoing insolvency proceedings under the Insolvency and Bankruptcy Code (IBC) 2016. Incorporated on December 27, 2005, as a public limited company in Mumbai, Maharashtra, VIPL was initially known as Reliance Mineral Resources Limited before being renamed.

VIPL entered the Corporate Insolvency Resolution Process (CIRP) due to financial difficulties. The National Company Law Tribunal (NCLT) initiated the insolvency proceedings in September 2024.

VIPL operates a 2x300 MW (600 MW) thermal power plant located in the MIDC Industrial Area, Butibori, Nagpur.

The acquisition is contingent upon approvals from the National Company Law Tribunal and adherence to the terms of the letter of intent.

This move is part of Adani Power's strategy to expand its footprint in the power sector. The implementation of the resolution plan will be subject to the requisite approvals from regulatory authorities.

Adani Power has previously acquired other power assets, including Dahanu Power and Lanco Amarkantak Power Limited.

Reliance Power to Set Up Rs 6,500 Crore Solar Panel Manufacturing Unit in Andhra Pradesh

Reliance Power is planning to set up a Rs 6,500 crore solar panel manufacturing unit in the Anakapalli district of Andhra Pradesh. The project aims to use 1,500 acres of land acquired by the Andhra Pradesh Industrial Infrastructure Corporation (APIIC). It is estimated that the project will generate 4,000 direct and indirect jobs.

Reliance Power plans to set up the solar panel manufacturing unit on 1,800 acres in the Anakapalli district.

It may be recalled that Reliance Power had previously set up a gas-based thermal power plant in Samarlakota, Andhra Pradesh, which faced financial difficulties but has since settled its debts.

This new manufacturing initiative is part of a broader effort to boost renewable energy production and create employment opportunities in the region.

Earlier in last month, Reliance Power's subsidiary, Reliance NU Suntech Private Limited, secured a significant contract from the Solar Energy Corporation of India (SECI) for developing a 930 MW solar power project along with a 465 MW/1,860 MWh Battery Energy Storage System (BESS).

Prior to that, Reliance Power has partnered with the Government of Bhutan to develop large-scale solar and hydro power projects. This partnership represents the largest FDI by an Indian company in Bhutan's renewable energy sector.

Andhra Pradesh is home to a number of solar power related projects & units including Tata Power Solar's 100MW Solar Power Plant in Anantapur. It is a utility scale project using domestically manufactured solar cells and modules.

The state also houses Giga-scale solar PV manufacturing facility of Indosol Solar at Ramayapatnam. It is a Vertically integrated facility covering every step of the value chain from quartz to finished photovoltaic modules.

In Visakhapatnam, Ameya Solar and Semiconductors Pvt Ltd has PV module focused manufacturing unit with 100MW annual production capacity.

Reliance Power Subsidiary Wins India's Largest Solar and Battery Storage Project

Reliance Power has recently made headlines with its subsidiary, Reliance NU Suntech Private Limited, securing a significant contract from the Solar Energy Corporation of India (SECI). The contract involves developing a 930 MW solar power project along with a 465 MW/1,860 MWh Battery Energy Storage System (BESS). This marks India's largest solar and battery storage project, showcasing a major leap in renewable energy infrastructure.

This project is notable for being the second-largest deployment of grid storage batteries at a single site in Asia, after China.

The project will provide four hours of peak power supply daily, offering much-needed relief to DISCOMs that often purchase power at high rates during peak hours. Reliance NU Suntech will develop the project on a build-own-operate basis, and SECI will enter into a 25-year Power Purchase Agreement (PPA) with them.

Besides this, Reliance NU Suntech has been involved in several notable projects recently. Sasan Power Ltd is one of Reliance Power's flagship projects, featuring the world's largest integrated coal-based power plant with a capacity of 3,960 MW. 

Reliance NU Suntech has been actively participating in various renewable energy projects, including solar and wind energy projects across India. The Anil Ambani promoted company has secured significant allocations in Inter State Transmission System (ISTS) -connected solar power projects, contributing to the national grid's stability and sustainability.

These projects underscore Reliance NU Suntech's commitment to expanding India's renewable energy infrastructure and promoting sustainable energy solutions.

Largest FDI by An Indian Pvt Co. in Bhutan: Reliance Power to Develop Large-Scale Solar & Hydro Power Projects

Anil Ambani's Reliance Power has partnered with the Government of Bhutan to develop large-scale solar and hydro power projects. This collaboration is part of Bhutan's efforts to achieve its net-zero goals and enhance its renewable energy infrastructure.

This partnership represents the largest FDI by an Indian company in Bhutan's renewable energy sector. The projects will support Bhutan's goal of sustainable development and clean energy production.

The investment by Reliance Power in partnership with the Government of Bhutan for the development of solar and hydro power projects is up to $1 billion.

Reliance Power Ltd. and Druk Holding will co-develop the 770-MW Chamkharchhu-1 Hydro Project, which is classified as a run-of-the-river project under a concession model aligned with Bhutan’s policies.

Druk Holding and Investments (DHI) is the commercial arm of the Royal Government of Bhutan, established in 2007. Its primary purpose is to hold and manage the existing and future investments of the Royal Government for the long-term benefit of the people of Bhutan. DHI aims to grow its investment portfolio by 10x by 2030, focusing on future-oriented investments.

In this joint venture, Reliance Power will hold a 49 percent stake, while DHI will maintain majority ownership with a 51 percent share. The project will operate under a concession model in line with the government’s policies.

Key Projects:

1. 500 MW Solar Power Plant: This will be developed in Gelephu Mindfulness City, Bhutan, in two phases of 250 MW each over the next two years 2. Once completed, it will be the largest solar installation in Bhutan 2

2.770 MW Chamkharchhu-1 Hydroelectric Project: This run-of-the-river project aims to boost Bhutan's existing power capacity.

A media release confirmed that land for the project has already been earmarked, and a technical team, consisting of experts from Reliance, DHI, and external consultants, is currently conducting site assessments and technical studies. The project is set to become one of the largest investments in Bhutan’s renewable energy sector and represents the largest FDI by an Indian company in Bhutan.

Earlier in August this year, Tata Power, one of India's largest integrated power companies, has had entered into a strategic partnership with Druk Green Power Corporation Ltd (DGPC), a subsidiary of DHI, and the sole generation utility of Bhutan for the development of the 600 MW Khorlochhu Hydropower Project.