ADANIPOWER / Q2-FY25 / claim-ledger

Audit the questions that mattered.

Adani Power · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ2-FY25 · 2024-07-??Back to quarter ↗

Questions audited

Answered directly

82%

Numeric claims

Consistency

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Question ledger

What was answered, and how?

Uma Menon · Bernstein

partial

Update on Lanco Amarkantak, KSK Mahanadi, and Coastal Energen acquisitions.

Both the inorganic acquisitions of Lanco and Coastal, the awards are reserved, and we're expecting that the results will be announced very soon. ... KSK Mahanadi is under bid, and its submission is probably today by end of business hours.

Uma Menon · Bernstein

direct

Are lower battery costs a threat to merchant thermal portfolio?

battery is yet not really competitive as compared to the thermal. ... solar power would be available only for 7-8 hours, and rest of the 16 hours, the base load would be made from the thermal only.

Nikhil Abhyankar · ICICI Securities

direct

Elaborate on PPA tie-up for organic expansion, states, and duration.

three states are already there with their bids. Maharashtra, 1600 megawatt thermal, UP, 1600 megawatt thermal, and Rajasthan 3200 megawatt thermal. ... duration of twenty-five years.

Nikhil Abhyankar · ICICI Securities

direct

How much capacity is tied up in acquisition plants and merchant capacity?

In case of Coastal, one unit of 600 megawatts is tied up under the PPA with the Tamil Nadu, and one unit is available under merchant. ... Lanco Amarkantak, the entire 600 megawatts is tied up under the PPA.

Nikhil Abhyankar · ICICI Securities

direct

Merchant sale units, spreads, and comparison to last year.

merchant, we have the revenue realization is INR 0.0745 on an average for the quarter. The cost was INR 2.89 paise, so there was a contribution of INR 4.66 paise. ... Last year, the tariff was 7.57 ... contribution was 3.71, as against the contribution of 4.56 this year.

Puneet · HSBC

direct

Thoughts on keeping capacity merchant vs tying up with PPAs.

we are keeping around 20% under merchant. ... we want to tie up 80% of the capacity through long-term PPAs, which will give us stable returns, 20% we are keeping open.

Puneet · HSBC

direct

How are you protecting against future carbon taxes? Do PPAs allow pass-through?

any carbon tax would be obviously, would be a change in law, and therefore it would be passed through under the PPA. ... already we are having INR 400 per metric ton ... allowed as pass-through under the PPA.

Puneet · HSBC

evasive

Future acquisition opportunities apart from KSK and Lanco.

we cannot give you names of these targets, but we are evaluating the opportunities as they come. ... We look at certain criteria for selecting ... quality of the equipment, water availability, transmission availability, etc.

Bharat Shah · ASK Investment Managers Limited

direct

Philosophy to balance risk and reward between merchant and PPAs.

we want to tie up 80% of the capacity through long-term PPAs, which will give us stable returns, 20% we are keeping open, whereby we can optimize our returns by taking the advantage of good returns in the market.

Bharat Shah · ASK Investment Managers Limited

partial

Volume growth target relative to energy demand growth.

we are planning to achieve by 2029, 2030, at least 30 gigawatt. ... we have never given in terms of capacity numbers more than this.

Raghav · Individual Investor

evasive

Outcome and future prospects of green ammonia blending at Mundra.

We are carrying out the pilot study. ... we are in the technical feasibility study stage, so would it be difficult to give the future roadmap?

Lakdeep · Individual Investor

direct

Future of electricity supply to Bangladesh and payment situation.

We have signed the agreement for 1600 megawatt and the PPA is for 25 years. ... we have started getting good payment from last few months. ... on an average, 4 to 5 months of arrears is there for all the power suppliers of Bangladesh.