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In an advertisement in several newspapers in the city on Saturday, Adani Electricity Navi Mumbai (AENM) said it has approached the Maharashtra Electricity Regulatory Commission (MERC) for a distribution license in some pockets of the Mumbai Metropolitan area along with its listed parent Adani. Transmission.
The company aims to obtain power distribution licenses in the areas exclusively served by the state-owned Mahadiscom in the Mumbai suburbs of Mulund and Bhandup, and also in Thane, Navi Mumbai, Panvel, Kharghar, Taloja and Uran.
The group, whose assets include the Adani Ports business, is also in contention to distribute power to the country’s largest container port JNPT located near Navi Mumbai. The parallel distribution license application is the first such move by any player under the Electricity Act 2003. The application was accepted by MERC on Friday, after which a public notice was issued.
It said the Adani Group will serve more than 5 million consumers by the end of five years from the grant of licence.
A public notice said Adani Transmission owns more than 99 per cent stake in AENM, while nominees of listed companies including Pranav Adani own a marginal holding.
Power industry veterans Anil Kumar Sardana, Rohit Soni and Mehul Rupera are the directors of AENM.
Adani Electricity has been distributing power in Mumbai for over four years and competes with Tata Power in the business. The company, which went into turmoil following the acquisition of Anil Ambani’s conglomerate Reliance Energy for over Rs 18,000 crore, has been unable to increase its market share in the areas it serves.
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