Adani Group Announces INR 63,000 Cr Investment for Two Big Power Projects in Assam

The Adani Group plans to invest over INR 63,000 crore in Assam to construct huge power projects, such as new pumped storage facilities and the largest private coal-fired plant in the Northeast. The billionaire Gautam Adani's group announced in a statement that the state government had awarded its energy companies Letters of Award for two significant power projects in Assam.

A 3,200 MW greenfield ultra-supercritical thermal plant will be constructed by Adani Power Ltd using the Design, Build, Finance, Own, and Operate (DBFOO) model, with an estimated investment of INR 48,000 crore. The company got coal linkage under the Centre's SHAKTI policy after winning the project with a tariff proposal of INR 6.30 per kWh (per unit).

Plant will Create Ample of Opportunities for Assam

It is anticipated that the plant, which will be put into service in phases starting in December 2030, will create millions of jobs during construction and roughly 3,500 throughout operation. Two Pumped Storage Projects (PSPs) with a combined capacity of 2,700 MW will receive investments totalling around INR 15,000 crore from the group's renewable energy firm, Adani Green Energy Ltd. Additionally, it has been granted an LoA for 500 MW of storage capacity, which will be provided by these PSPs.

According to the group, over 30,000 people would be employed overall during the project phase across both projects. In line with chairman Gautam Adani's previous commitment to invest INR 50,000 crore in the Northeast, it referred to the projects as the biggest private-sector investment in the area. According to Adani, the projects would improve grid resilience, industrial growth, and energy security in Assam. The Assam Electricity Regulatory Commission has approved the thermal project, and an agreement with APDCL for electricity supply is anticipated to come next. Adani Power Ltd. (APL) would invest INR 48,000 crore to establish a 3,200 MW greenfield ultra-supercritical power plant in Assam, according to the official release.

In addition, Adani Green Energy, the biggest renewable energy company in India, plans to invest INR 15,000 crore to build two PSPs in the state with a combined capacity of 2,700 MW. The 3,200 MW coal-fired plant will improve Assam's energy infrastructure by providing dependable and efficient power to meet the state's expanding industrial and residential demands. It will be phased in starting in December 2030.

APL to Obtain Necessary Clearances

The Power Supply Agreement (PSA) between APL and APDCL (Assam Power Distribution Company Ltd) is anticipated to be signed soon after APL has obtained the necessary clearances from the Assam Electricity Regulatory Commission. To meet the country's increasing base load demand, the company is putting India's largest private sector capital expenditure programme into action.

With 12 thermal power plants and one solar plant, it now has an operating capacity of 18.15 GW. By 2031–2022, it hopes to have a total generation capacity of 42 GW. In order to ensure a sustainable and robust supply of electricity, the pump-storage project will bring state-of-the-art methods for energy storage, grid stability, and controlling electricity demand during peak times. According to the statement, it will be essential to incorporate renewable energy sources and advance Assam's transition to a more environmentally friendly future.