Nigeria has shortlisted Adani Power to purchase and expand two gas-based power plants in the country, a person with direct knowledge of the development said.
The Adani group company is in the race for Ughelli Power (972 MW) and Sapele Power (1,020 MW). The final bids must be submitted in February.
The Gautam Adani-promoted company has also been shortlisted to build and operate power plants in Kosovo and South Africa. Poor coal supplies, inability of debt-ridden state electricity boards to sign power purchase agreements and increase in land acquisition costs are pushing Indian companies to build power plants outside the country.