New Delhi, June 19 -- Adani Power Ltd has inched closer to acquiring the bankrupt Vidarbha Industries Power Ltd, a former subsidiary ofReliance Power Ltd, adding to a list of distressed but strategically located power assets as it strives towards its goal.

The National Company Law Tribunal on 18 June approved Adani Power's Rs.4,000 crore resolution plan to acquire VIPL following a majority nod in February by the distressed company's committee of creditors.

Adani Power aims to increase its 17.55 GW of power-generating capacity-including thermal plants across states and a 40 MW solar project in Gujarat-to 30.67 GW by 2030, making it the largest private sector capacity expansion in the country.

With its latest acquisition, Adani Power wil...