Adani Green Energy Limited (AGEL) has been awarded a Letter of Award (LOA) for a 500 MW energy storage capacity project from Assam Power Distribution Company Limited (APDCL). The project involves pumped hydro storage. The annual fixed cost payable under the LOA is Rs. 1,02,92,887 per MW. The LOA was received on November 13, 2025, and the tariff is payable for 40 years from the Commercial Operation Date (COD).
Energy Storage Project Award
Adani Green Energy (AGEL) has received a Letter of Award (LOA) to build a 500 MW energy storage project, enhancing its renewable energy portfolio. The project will utilize pumped hydro storage technology. The formal announcement was made on November 14, 2025.
Key Project Details
The project was secured through competitive bidding conducted by APDCL. The annual fixed cost payable under the LOA amounts to Rs. 1,02,92,887 per MW. This tariff will be in effect for a period of 40 years from the Commercial Operation Date (COD). The LOA was officially received by the Company on November 13, 2025 at 4.30 PM.
Source: BSE