Whalesbook
Adani Power's foray into nuclear energy generation has taken a concrete step with the incorporation of Coastal-Maha Atomic Energy. This new entity is a subsidiary of Adani Atomic Energy, which is itself wholly owned by Adani Power. Coastal-Maha Atomic Energy is specifically tasked with generating, transmitting, and distributing power derived from nuclear and atomic sources. The newly established company has an authorised capital of ₹5 lakh, structured into 50,000 equity shares of ₹10 each.
Strong Credit Profile
The company's financial stability was further validated by ICRA, which assigned an ICRA AA/Stable rating to additional term loan facilities and an ICRA A1+ rating to non-fund based facilities. Existing ratings on bank facilities and non-convertible debentures were also reaffirmed. These combined rated facilities amount to approximately ₹69,000 crore, indicating a high degree of safety for timely financial obligations and a very strong capacity for short-term commitments.
Operational Scale and Ambition
Adani Power, a key entity within the diversified Adani Group, currently stands as India's largest private thermal power producer. It operates an extensive installed thermal power capacity of 17,510 MW across 11 power plants nationwide, alongside a 40 MW solar power plant. Historically, it was the world's first company to establish a coal-based supercritical thermal power project registered under the Clean Development Mechanism of the Kyoto Protocol. This new venture into nuclear power signals a significant step in broadening its energy portfolio and contributing to India's energy security.