Adani Group Invests Rs 63,000 Crore in Transformative Energy Projects for Assam's Development

Adani Power secured the competitive bid with the lowest tariff of Rs 6.30 per kWh.

Ahmedabad:

Two flagship companies of the Adani Group - Adani Power and Adani Green Energy - announced on Friday that they have received Letters of Award (LoA) from the Assam government for two significant projects totaling Rs 63,000 crore in the state.

Adani Power Ltd, the largest private sector power generator in India, will invest Rs 48,000 crore to establish a 3,200 MW greenfield ultra supercritical power plant in Assam.

In a parallel development, Adani Green Energy Ltd (AGEL), India's leading renewable energy company, plans to invest Rs 15,000 crore to develop two Pumped Storage Plants (PSP) with a combined capacity of 2,700 MW in the state.

According to the company statement, AGEL has received an LoA for 500 MW of energy storage capacity, which will be supplied from these PSPs.

The cutting-edge thermal power facility and innovative pumped storage plants represent a combined investment of Rs 63,000 crore in the state.

"The North-East is becoming a crucial frontier in India's growth narrative, and we are honored to contribute to its transformation. Our 3,200 MW thermal power project and 2,700 MW PSP projects in Assam collectively represent not only the largest private sector investment in the region but also decisive steps toward energy security, industrial development and employment creation," stated Gautam Adani, Chairman of the Adani Group.

These significant initiatives highlight the Adani Group's strategic emphasis on advancing India's northeastern region, aligning with Chairman Gautam Adani's commitment made in February this year to invest Rs 50,000 crore in the region's development and growth.

"These projects will not only energize Assam but also drive progress across the entire northeastern corridor. We are privileged to contribute to Assam and the entire northeast's advancement and look forward to building partnerships that elevate local communities and propel India's energy transformation," Gautam Adani added.

Adani Power emerged victorious in a competitive bidding process, offering the lowest tariff of Rs 6.30 per kWh. The company will construct an Ultra Super Critical plant under the Design, Build, Finance, Own and Operate (DBFOO) model. The coal allocation for the power plant has been secured under the Government of India's SHAKTI Policy.

The project is expected to generate employment for approximately 20,000 to 25,000 people during the construction phase and maintain around 3,500 jobs during operations. It will be commissioned in phases starting from December 2030.

Adani Green Energy also emerged as the lowest bidder for 500MW of energy storage capacity. The project will introduce advanced solutions for energy storage, grid stability, and managing electricity demand during peak hours, ensuring a sustainable and resilient electricity supply. It will play a vital role in integrating renewable energy sources, supporting Assam's progression toward a greener future.

(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)