Adani Power Set to Supply 1,500 MW to Uttar Pradesh From New Green Energy Plant

Ahmedabad (Gujarat) [India], May 10 (ANI): Adani Power said on Saturday that it won a tightly contested bid to supply 1500 MW (net) of thermal power to Uttar Pradesh.

Under the terms of the agreement, an Adani Group entity will provide electricity at a very competitive rate of Rs 5.383 per kilowatt-hour from a new 2×800 MW (totaling 1500 MW after deductions) ultra-supercritical power station constructed within the state using the Design, Build, Finance, Own, and Operate (DBFOO) framework.

This follows the approval of the project by the Uttar Pradesh cabinet earlier this month.

Adani Power stated in a release that the company will now enter into a long-term Power Supply Agreement (PSA) with Uttar Pradesh Power Corporation Ltd. (UPPCL), following the Letter of Award (LoA) they received today.

“We are happy to have won the competitive bid to supply 1,500 MW power to UP state and feel privileged to play a leading role in meeting the state’s rapidly growing power demand. We plan to set up a modern and low emission Ultra-supercritical plant in UP and aim to begin supplying reliable and high-quality power by FY30,” said SB Khyalia, Chief Executive Officer, Adani Power.

Khyalia mentioned that Adani Power plans to invest $2 billion in establishing the facility along with the associated infrastructure.

The project is expected to generate direct and indirect employment of 8,000-9,000 during the construction phase and 2,000 once in operation.

The thermal power requirement in Uttar Pradesh is expected to increase by 11,000 MW by the fiscal year 2033-34 due to reasons such as industrial growth, urban development, and technological advancement. The current contract for 1,500 MW forms an integral part of this governmental effort aimed at fulfilling the anticipated future energy needs.

This marks the company’s second significant PSA (power sales agreement) win within the past twelve months. Following the receipt of a composite 6,600 MW letter of intent—comprising 1,600 MW thermal and 5,000 MW solar—from the Maharashtra State Electricity Distribution Company Ltd. (MSEDCL) in September 2024, this LOI was later transformed into an official power sales agreement.

Adani Power (APL), which is part of the Adani group, stands as one of India’s leading private operators in thermal power generation. This company boasts a total installed thermal capacity of 17,510 MW distributed among eleven facilities located in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand, and Tamil Nadu. Additionally, they have a 40 MW solar facility situated in Gujarat. (ANI)