Adani to put about ₹63,000 crore into big energy projects in Assam

Two portfolio companies of the Adani Group, India's leading private-sector infrastructure and energy platform, have received Letters of Award (LoAs) from the Assam Government for two transformative projects: a state-of-the-art thermal power plant and a pioneering pumped-storage facility. These projects will collectively see them invest approximately ₹63,000 crore in the state.

Adani Power Ltd (APL), India’s largest private sector power generator, will invest approximately ₹48,000 crore to establish a 3,200 MW greenfield ultra-supercritical power plant in Assam.

Separately, Adani Green Energy, India’s largest renewable energy company, plans to invest around ₹15,000 crore to set up two Pumped Storage Plants (PSPs) 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 supplied from these PSPs.

These landmark initiatives underscore the Adani Group’s strategic focus on advancing India’s northeastern region, aligning with Chairman Gautam Adani’s pledge in February this year to invest ₹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 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 energise 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 winning bidder, offering the lowest tariff of ₹6.30 per kWh through a highly competitive bidding process. The company will establish 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 Indian Government's SHAKTI Policy.

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 phases 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 minimise emissions and maximise 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 executing India’s largest private-sector capex program to meet the country’s rising base-load demand. It has a current capacity of 18.15 GW from 12 thermal power plants and one solar plant, aiming to reach approximately 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, thereby ensuring a sustainable and resilient electricity supply. It will play a crucial role in integrating renewable energy sources, supporting Assam’s journey toward a greener future.