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An Adani Group company has sought licence for expanding its power distribution business into more areas of Mumbai, including the country's largest container port JNPT. In an advertisement published 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 licence in some pockets of the Mumbai Metropolitan Region along with its listed parent Adani Transmission. The company is aiming to get licence to distribute power in areas exclusively served by the state-owned Mahadiscom in Mumbai's suburbs Mulund and Bhandup, and also Thane district, Navi Mumbai, Panvel, Kharghar, Taloja and Uran. The group, whose assets include the Adani Ports business, is also vying to distribute power to the country's largest container port JNPT located near Navi Mumbai. The application is the first such move by any player since the Electricity Act was amended to make it more open. The
The country's leading container port JNPT on Saturday said it is adhering to the terms of reference issued by the Ministry of Environment, Forest & Climate Change for prior environmental clearance for development of Vadhavan port. The government had in February approved a proposal to set up a new major port at Vadhavan near Dahanu in Maharashtra at an investment of Rs 65,544 crore. The new port will be developed on a landlord model under a special purpose vehicle (SPV) with Jawaharlal Nehru Port Trust (JNPT) as the lead partner with equity participation equal to or more than 50 per cent to implement the project. Of this,Rs 16,140 crores will be implemented by the SPV in constructing basic infrastructure like breakwaters, rail line/yard and road connectivity, power and water line, internal roads and common amenities, as per JNPT. At present, JNPT and Maharashtra Maritime Board (MMB) are development partners for the prospective port with JNPT holding 74 per cent and MMB the ...