The subsidiary has been established to invest in power, infrastructure, and related fields in the Middle East.
Adani Power Ltd. on Monday incorporated a wholly-owned subsidiary, Adani Power Middle East Ltd., in Abu Dhabi, United Arab Emirates. The unit has been registered as an investment holding company and has been established to invest in power, infrastructure, and related fields in the Middle East, according to an exchange filing.
Adani Power is set to play a pivotal role in the energy landscape.
This expansion is deemed critical for integrating over 500 GW of renewable power by 2030, ensuring a stable base load power supply, the company said in a presentation. The growing peak power demand underscores the need for dispatchable capacity, which is best served by thermal power.
The company is focusing on implementing efficient technologies such as Ultra Supercritical and Supercritical systems to reduce emissions.
The company sees a potential capacity of 30.67 GW by March 2031.
