Adani Power Limited (APL) has signed a power purchase agreement (PPA) with the Haryana Government for supply of 1424 MW of Power for 25 years.

The bid was awarded to APL based on a competitive tariff bidding process which had taken place a few months ago.

The power will be supplied from the company's under-construction power generation facility in Mundra, Kutch, at the rate of Rs 2.94 per unit.

APL had already signed two power purchase agreements with Gujarat Urja Vikas Nigam Limited for the supply of 1,000 MW of power produced from its Mundra I and II power project, and 1,000 MW from the Mundra III power project.

The company intends to sell power under a combination of long-term power purchase agreements to industrial and state-owned consumers as well as on merchant basis.