The filing highlighted that the 6,600 MW capacity has been secured through a competitive bidding process initiated by MSEDCL for procurement of combined 1,600 MW thermal and 5,000 MW solar power. The terms of the tender permit APL to bid for thermal power capacity along with solar power capacity, which can be supplied by a group company. “APL accordingly also bid for 5000 MW solar capacity on behalf of AGEL, thereby leveraging the two entities’ respective competitive advantages and strengths in the thermal and solar power sectors,” the filing noted.

AGEL’s wind-solar hybrid cluster in Jaisalmer started providing green energy to Mumbai city in March 2023, with the share of renewable energy in the Mumbai distribution circle’s energy mix standing at 37% as of June 2024. “The solar capacity award of 5 GW is the world’s largest such award since 2020, bolstering AGEL’s leadership in India and as one of the largest RE portfolio globally. Similarly, the thermal capacity award is the largest in India in recent years to be awarded to the private sector,” the release said.

Adani Power operates an installed thermal power capacity of 17,010 MW spread across ten power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand, and Tamil Nadu, apart from a 40 MW solar power plant in Gujarat. On the other hand, AGEL currently has an operating renewable portfolio of 11.2 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 decarbonisation goals.

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Maharashtra State Electricity Distribution Company

Adani Green, Adani Power shares rise 5% on signing 6,600 MW power deal with Maharashtra state DISCOM