CURRENT AFFAIRS

Detailed explanation-1: -Bangladesh Power Development Board (BPDB), the government agency responsible for the development of the Bangladesh’s power sector, has asked for a revision of the power purchase agreement (PPA) it signed with Adani Power Ltd for importing electricity from its thermal power plant in Jharkhand, India.

Detailed explanation-2: -Capacity : 1600 MW (2X800 MW) Mahan Energen Limited (MEL), a subsidiary of Adani Power Limited (APL) has proposed expansion of its existing 1200 MW (2x600 MW) power plant at Singrauli, Madhya Pradesh by addition of 1600 MW (2X800 MW).

Detailed explanation-3: -Ports-to-energy conglomerate Adani Group on Wednesday said that it has plans to invest Rs 60, 000 crore in mineral exploration, energy, agriculture, renewable energy and coal sectors.

Detailed explanation-4: -Why are Adani Shares falling? The current fall in the Adani group’s shares is attributed to MSCI’s semi annual index review, MSCI India Index, which consists of Large cap and Mid cap stocks from the Indian markets.