India Inc India Inc: Wednesday, 11 October 2017 07:02

Adani Australian arm in power pact

Indian billionaire Gautam Adani, whose group is vying to build Australia’s largest coal mine, said his company has signed its first power purchase agreement for a solar farm near a central Queensland mining town.

Adani Group plans to build a 100-200 MW solar plant on a 600 hectare land parcel that was formerly part of the Rugby Run grazing property near Moranbah. The plant is expected to be completed within 12 months of commencement.

The group had previously stated that the Rugby Run solar farm would be one of the world’s most advanced solar energy plants and involve an investment of $200 million.

Rugby Run is the first of a number of solar projects Adani is eyeing to provide up to 1500 MW in Australia within the next five years. The projects are part of a plan to balance coal-fired power generation with renewable energy.

'India Global Business’ has in-depth coverage on related topics.

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