Assam picks Adani for its largest private energy investment

Adani Power Limited and Adani Green Energy have secured Letters of Award from the Assam Government for two large energy projects worth about Rs 63,000 crore. The package includes a 3,200 MW ultra supercritical thermal plant and two pumped storage plants with a combined 2,700 MW, which together represent the biggest private sector investment in the northeast.

Adani Power will put in close to Rs 48,000 crore to build the 3,200 MW greenfield thermal project. The company won the bid with a tariff of Rs 6.30 per kWh. The plant will follow a Design, Build, Finance, Own, and Operate model. Coal linkage will come through the Government of India’s SHAKTI Policy.

The project will be commissioned in phases from December 2030 and reach full operation by December 2032. Construction is expected to employ between 20,000 and 25,000 workers and support about 3,500 jobs once operational. APL has secured approvals from the Assam Electricity Regulatory Commission. The Power Supply Agreement with APDCL will be signed later.

Adani Green Energy plans to invest roughly Rs 15,000 crore to set up two pumped storage plants with a total capacity of 2,700 MW. The company has received a Letter of Award for 500 MW of storage capacity that will be supplied from these projects. The plants are expected to strengthen storage capability, improve grid stability, and support renewable energy integration in the state.

Gautam Adani said the investments align with his February commitment to put Rs 50,000 crore into the northeast. The projects are expected to improve Assam’s energy security, aid industrial development, and generate significant employment.