Two portfolio companies of the Adani Group, India’s leading private sector infrastructure and energy platform, have secured Letters of Award (LoA) from the Assam government for two major projects in the state: a state-of-the-art thermal power plant and a pioneering pumped storage facility. Together, the initiatives will see an investment of Rs 63,000 crore in Assam.
Adani Power Ltd (APL), the country’s largest private power generator, plans to invest Rs 48,000 crore to establish a 3,200 MW greenfield ultra-supercritical power plant in Assam, according to a company statement. Meanwhile, Adani Green Energy Ltd (AGEL), India’s largest renewable energy company, will invest Rs 15,000 crore to develop two pumped storage plants (PSPs) in the state, with a combined capacity of 2,700 MW. AGEL has already received an LoA for a 500 MW energy storage capacity that will be supplied by the new PSPs.
These landmark investments highlight the Adani Group’s strategic commitment to advancing the development of India’s northeastern region, in line with Chairman Gautam Adani’s pledge in February to invest Rs 50,000 crore into the region’s growth. “The North-East is emerging as a vital frontier in India’s growth story,” said Adani, “and we are proud to contribute to its transformation. Our 3,200 MW thermal power project and 2,700 MW PSP projects in Assam not only represent the largest private sector investment in the region, but also contribute to energy security, industrial development, and job creation. These projects will not only energise Assam but will also drive progress across the entire northeastern corridor. We look forward to forging partnerships that uplift local communities and support India’s energy transformation.”
Adani Power secured the contract after offering the lowest tariff of Rs 6.30 per kWh in a highly competitive bidding process. The project will be developed under the Design, Build, Finance, Own, and Operate (DBFOO) model, with coal linkage allocated under the Government of India’s SHAKTI Policy. The power plant is expected to create 20,000 to 25,000 direct and indirect jobs during the construction phase, and sustain around 3,500 jobs once operational. The plant is set to be commissioned in stages beginning December 2030 and will significantly enhance Assam’s energy infrastructure, supporting both industrial and household electricity needs with reliable and efficient power. The project is designed with modern technologies to minimize emissions and improve operational efficiency.
APL has received the necessary approvals from the Assam Electricity Regulatory Commission, and the Power Supply Agreement (PSA) with Assam Power Distribution Company Limited (APDCL) is expected to be finalized soon.
As part of India’s largest private sector capex program, Adani Power is focused on meeting the country’s growing base load demand. Currently, the company operates 18.15 GW from 12 thermal power plants and one solar plant, with plans to expand its total capacity to 42 GW by 2031-32.
Meanwhile, Adani Green Energy emerged as the lowest bidder for the 500 MW of energy storage capacity linked to the pumped storage projects. These plants will offer advanced energy storage solutions to improve grid stability, manage peak electricity demand, and support Assam’s transition to a more sustainable energy future by integrating renewable energy sources. The company’s investment is expected to play a crucial role in ensuring a resilient and reliable electricity supply in the region.
These initiatives reflect the Adani Group’s ongoing commitment to energizing India’s future through sustainable energy solutions and advancing infrastructure development in Assam and the wider northeastern region.
