Adani Green Energy to Invest Rs 63000 Cr in Assam Energy Projects
Filing Summary
Adani Green Energy Limited announced an investment of approximately Rs 63000 crore in two major energy projects in Assam. The projects include a 3200 MW thermal power plant by Adani Power with an investment of Rs 48000 crore and two Pumped Storage Plants (PSP) by Adani Green Energy with an investment of Rs 15000 crore. These initiatives are expected to create employment for around 30000 individuals during the project phase. The projects have received Letters of Award from the Assam Government, marking the largest private sector investment in the region.
Adani Green Energy Limited has disclosed plans to invest approximately Rs 63000 crore in two significant energy projects in Assam. The investment will be divided between a 3200 MW thermal power plant by Adani Power, which will receive around Rs 48000 crore, and two Pumped Storage Plants (PSP) by Adani Green Energy, which will see an investment of Rs 15000 crore. These projects have been awarded Letters of Award (LoA) by the Assam Government, representing the largest private sector investment in the northeastern region of India.
The financial commitment includes Rs 48000 crore for the development of a greenfield ultra super critical power plant by Adani Power. This facility will operate under the Design, Build, Finance, Own and Operate (DBFOO) model. The coal linkage for this project has been allocated under the SHAKTI Policy of the Government of India. Adani Green Energy will invest Rs 15000 crore in two PSP projects with a combined capacity of 2700 MW. The PSP projects will include a 500 MW energy storage capacity.
The thermal power plant will be constructed in phases, with commissioning expected to begin in December 2030. The project is designed to generate direct and indirect employment for approximately 20000 to 25000 individuals during the construction phase and sustain around 3500 jobs during operations. The PSP projects will introduce advanced energy storage solutions to enhance grid stability and manage electricity demand during peak times.
Adani Power has emerged as the successful bidder for the thermal project, offering the lowest tariff of Rs 6.30 per kWh. The company has received the necessary approvals from the Assam Electricity Regulatory Commission, and the Power Supply Agreement (PSA) with Assam Power Distribution Company Limited (APDCL) is anticipated to be finalized soon. Adani Green Energy has also secured the lowest bid for the 500 MW energy storage capacity.
The projects align with the Adani Group’s strategic focus on the northeastern region of India, following Chairman Gautam Adani’s earlier commitment to invest Rs 50000 crore in the region’s development. The initiatives are part of the group’s efforts to enhance energy security, industrial development, and job creation in Assam and the broader northeastern corridor.
Adani Power, a part of the Adani portfolio, is India’s largest private thermal power producer with an installed capacity of 18110 MW across multiple states. The company is focused on harnessing technology and innovation to transform India into a power-surplus nation.
Adani Green Energy Limited is India’s largest renewable energy company, developing, owning, and operating utility-scale solar, wind, hybrid, and energy storage solutions. The company aims to achieve a renewable portfolio of 50 GW by 2030, supporting India’s decarbonization goals.