Ahmedabad: Two portfolio companies of the Adani Group, India’s leading private sector infrastructure and energy platform, have received Letters of Award (LoA) from the Assam Government for two transformative projects in Assam: a state-of-the-art thermal power plant and a pioneering pumped storage facility, which would see them collectively invest Rs 63,000 crore in the state.
Adani Power Ltd (APL), India’s largest private sector power generator, will invest Rs 48,000 crore to set up a 3,200 MW greenfield ultra supercritical power plant in Assam. Separately, Adani Green Energy, India’s largest renewable energy company, intends to invest Rs 15,000 crore to set up two Pumped Storage Plants (PSP) in the state with a combined capacity of 2,700 MW. AGEL has received an LoA for 500 MW of energy storage capacity, which will be catered from the above PSPs.
These landmark initiatives underscore the Adani Group’s strategic focus on the advancement of India’s northeastern region, aligning with Chairman Gautam Adani’s pledge in February this year to invest Rs 50,000 crore in the region’s development and growth.
“The North-East is emerging as a vital frontier in India’s growth story,” said Mr Gautam Adani, Chairman of the Adani Group,” and we are proud 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 firm steps toward energy security, industrial development and job creation. These projects will not only energize Assam but also catalyse progress across the entire northeastern corridor. We are honoured to contribute to Assam and the entire northeast’s progress and look forward to building partnerships that uplift local communities and drive India’s energy transformation.”
Thermal Project
Adani Power emerged as the successful bidder, offering the lowest tariff of Rs 6.30 per kWh, through a tightly contested bidding process. The company will set up an Ultra Super Critical plant under the Design, Build, Finance, Own and Operate (DBFOO) model. The coal linkage for the power plant has been allocated under the SHAKTI Policy of the Government of India.
The project, which is expected to generate direct and indirect employment for around 20,000 to 25,000 people during the construction phase and sustain around 3,500 jobs during the operations phase, will be commissioned in a phased manner from December 2030. The power project will enhance Assam’s energy infrastructure, supporting the state’s growing industrial and household needs with reliable and efficient power. This facility is designed to set new benchmarks in environmental stewardship, leveraging modern technology to minimize emissions and maximize operational efficiency.
APL has received the requisite approvals from the Assam Electricity Regulatory Commission and the Power Supply Agreement (PSA) with APDCL is expected to be executed in due course. Adani Power is implementing India’s largest private sector capex programme to secure the nation’s growing base load demand. It has a current operating capacity of 18.15 GW from 12 thermal power plants and one solar plant and is aiming to achieve overall generation capacity of ~42 GW by 2031-32.
Pumped Storage Plant Project
Adani Green Energy too emerged as the lowest bidder for 500MW of energy storage capacity. The project will introduce cutting-edge solutions for energy storage, grid stability and managing electricity demand during peak times, thus ensuring a sustainable and resilient supply of electricity. It will play a crucial role in integrating renewable energy sources, supporting Assam’s journey toward a greener future.
About Adani Power
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.
About Adani Green Energy Limited
Adani Green Energy Ltd (AGEL) is India’s largest and one of the leading renewable energy companies in the world enabling the clean energy transition. AGEL develops, owns, and operates utility scale grid-connected solar, wind, hybrid and energy storage solutions. AGEL currently has an operating renewable portfolio of over 16.7 GW, the largest in India, spread across 12 states. The company has set a target of achieving 50 GW by 2030 aligned to India’s decarbonization goals. AGEL is focused on leveraging technology to reduce the Levelized Cost of Energy (LCOE) in pursuit of enabling largescale adoption of affordable clean energy. AGEL is developing the world’s largest renewable energy plant (30 GW) on barren land at Khavda, Gujarat, covering 538 square kilometers, an area five times larger than Paris. AGEL’s operating portfolio is certified ‘water positive’, ‘single-use plastic free’ and ‘zero waste-to-landfill’, a testament to the company’s commitment to power sustainable growth.
About The Adani Portfolio Of Companies
Headquartered in Ahmedabad, the Adani Group is India’s largest and fastest-growing portfolio of diversified businesses. With interests across energy and utilities, transport and logistics (including seaports, airports, shipping, and rail), metals and materials, and consumer sectors, the Adani Group has established a leadership position in the market. The Group’s success is driven by its core philosophy of ‘Nation Building’ and ‘Growth with Goodness,’ focusing on sustainable development. Adani Group is committed to environmental stewardship and community improvement through its CSR programs, which are grounded in the principles of sustainability, diversity, and shared values.
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