Company Evolution
Year
Milestone

2014

  • Mahanadi SPV entered into PPA dated February 26, 2014 with the Paschimanchal, Purvanchal, Madhyanchal and Dakshinanchal Distribution Companies of Uttar Pradesh for 1,000 MW power supply.
  • Mahanadi SPV executed a fuel supply agreement dated March 19, 2014 with South Eastern Coalfields Limited (“SECL”) for the supply of approximately 5 MTPA coal.

2013

  • Mahanadi SPV entered into PPA dated November 27, 2013 with the Tamil Nadu Generation and Distribution Corporation Limited (“TANGEDCO”) for 500 MW power supply.
  • Mahanadi SPV entered into PPA dated October 18, 2013 with the Chhattisgarh State Power Trading Company Limited for 225 MW power supply.
  • First 600 MW unit of the 3,600 MW project of the Mahanadi SPV in the State of Chhattisgarh commissioned.
  • New initiatives on solar power generation undertaken by the Group.

2012

  • Mahanadi SPV entered into PPA dated July 31, 2012 with the Central, Eastern, Southern and Northern Distribution Companies of Andhra Pradesh for 400 MW power supply.
  • Wardha SPV (formerly, Wardha Power Company Limited) secured long-term coal supplies from Western Coal Fields Limited (“WCL”) and upon commissioning of the units, a fuel supply agreement dated April 3, 2012 was entered for the supply of 1.625 MTPA from the Bellora Naigaon, Urdhan and Ukni blocks.

2011

  • Wardha SPV became fully operational - entered into a medium-term PPA to supply power to Reliance Infrastructure Limited (“RIL”).
  • The Promoter and the Promoter Group complete an open offer to acquire additional 20% of the Equity Shares of the Company increasing their shareholding to 74.94%.
  • Arasmeta power plant unit of 43 MW commenced power generation.

2010

  • Mahanadi SPV entered into PPA with Gujarat Urja Vikas Nigam Limited (“GUVNL”) for supply of 1,010 MW coal based on coal supplies from the Morga-II block by Gujarat Mineral Development Corporation Limited (“GMDC”).
  • VS Lignite power project commissioned.

2009

  • Coal supply agreement dated February 10, 2009 entered with Goa Industrial Development Corporation Limited (“GIDC”) that enhanced the capacity of the Chhattisgarh project of the Mahanadi SPV by 1,800 MW to 3,600 MW.
  • The Mahanadi SPV entered into an Implementation Agreement dated August 13, 2009 with the GoC.

2008

  • Initial public offering of the Equity Shares of the Company and Sitapuram  power plant commenced commercial operations

2007

  • Sai Regency power plant commenced commercial operations under the “open cycle” mode in March 2007 and under the “combined cycle” mode in September 2007.

2006

  • First unit of Arasmeta power plant commissioned.
  • Coal supply and investment agreement dated November 16, 2006 entered into with GMDC for supplies to proposed 1,800 MW Chhattisgarh project.
  • KSK Energy lists on AIM Market of London Stock Exchange.

 

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