Adani Power Ltd. (APL), India’s largest private sector thermal power generator, today said that it has been awarded a total of 1600 MW capacity by MP Power Management Company Limited (MPPMCL) under the recently concluded tendering process. APL received a Letter of Award (LoA) today from MPPMCL, awarding 800 MW additional capacity under ‘Greenshoe Option’. This comes on the back of APL’s earlier success in winning an initial 800 MW capacity in the same bidding process. This is the fifth major power supply order received by the company in the last 12 months, taking the total awarded capacity to 7,200 MW.
This additional capacity of 800 MW awarded is at the same tariff of Rs. 5.838 / kWh applicable to the earlier awarded 800 MW capacity. Accordingly, APL will supply power from a new 1600 MW (800MW X 2) Ultra-supercritical thermal power unit, to be set up under the Design, Build, Finance, Own, and Operate (DBFOO) model, in Anuppur district of Madhya Pradesh. Both the units will be commissioned within 60 months of the appointed date. The company will invest around Rs 21,000 crore towards setting up the plant and related infrastructure.
This development marks a first-of-its-kind adoption of the greenshoe option in a thermal power tender in India. This innovative inclusion of a greenshoe mechanism in coal-based power procurement will help Madhya Pradesh in meeting its ever-growing electricity demand owing to increased industrialization and urbanisation, enhancing energy security for the state.
“We are delighted that Adani Power has not only secured the initial 800 MW project in Madhya Pradesh but has also been awarded an additional 800 MW under the greenshoe option. This reinforces our commitment to providing reliable, affordable, and sustainable power to the state and its people. The project further strengthens our long-term partnership with Madhya Pradesh and highlights our dedication to supporting India’s energy security and economic growth,” stated Mr. S.B. Khyalia, Chief Executive Officer of Adani Power.
The coal linkage for the power plant has been allocated under the SHAKTI Policy of Government of India. The project is expected to generate direct and indirect employment of ~9,000 – 10,000 during the construction phase and ~2,000 once in operation.
The company expects to execute the Power Supply Agreement (PSA) in due course with the State Discom.
In September 2024, it, along with Adani Green Energy, received the LoI for a composite 6,600 MW (5,000 MW solar and 1,600 MW thermal) power supply order from Maharashtra state. In May 2025, it received the LoA from Uttar Pradesh government for supply of 1,600 MW power from a greenfield plant in the state. In August 2025, the company received the LoA from Bihar government for supply of 2,400 MW of power from a new power plant to be set up in the state. Last month, it received the LoA from MP for 800MW, and the awarded capacity has now increased to 1,600MW following the exercise of greenshoe option by MPPMCL.
Adani Power is implementing India’s largest private sector capex programme to secure India’s growing base load demand. It has a current operating capacity is 18.15GW from 12 thermal power plants (TPP) and is aiming to achieve overall generation capacity of 41.87 GW by 2031-32.
About Adani Power Limited
Adani Power (APL), a part of the Adani portfolio, is the largest private thermal power producer in India. The Company has an installed thermal power capacity of 18,110 MW spread across twelve power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand, and Tamil Nadu, apart from a 40 MW solar power plant in Gujarat. With the help of a world-class team of experts in every field of power, Adani Power is on course to achieve its growth potential. The company is harnessing technology and innovation to transform India into a power-surplus nation and provide quality and affordable electricity for all.
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