Maharashtra Electricity Regulatory Commission (MERC) has allowed Adani Electricity Mumbai (AEML) to procure 1,000 MW of renewable power bundled with thermal (500 MW plus an additional 500 MW under the green shoe option). The Commission added a caveat that the green shoe option can be exercised only if there is no further extension of 500 MW supply from Adani Dahanu Thermal Power Station once the proposed procurement process starts after October 2024.