Adani Power plans to invest approximately ₹63,000 Cr in two major energy projects in Assam. This includes ₹48,000 Cr for a 3,200 MW thermal power plant and ₹15,000 Cr for two pumped storage projects with a combined capacity of 2,700 MW. The projects are expected to generate around 30,000 jobs and mark a significant private sector investment in the region.
Major Investment in Assam
Adani Power and Adani Green Energy will collectively invest around ₹63,000 crore in two transformative energy projects in Assam. This investment follows the reception of Letters of Award from the Assam Government.
Thermal Power Plant Details
Adani Power Ltd (APL) will invest approximately ₹48,000 crore to establish a 3,200 MW greenfield ultra super critical power plant in Assam. The plant will operate with an Ultra Super Critical setup and will follow the Design, Build, Finance, Own and Operate (DBFOO) model. The coal linkage has been allocated under the SHAKTI Policy of the Government of India. The expected tariff is ₹6.30 per kWh.
Pumped Storage Projects
Adani Green Energy intends to invest approximately ₹15,000 crore in two Pumped Storage Plants (PSP) in Assam, with a combined capacity of 2,700 MW. AGEL has received an LoA for 500 MW of energy storage capacity related to these PSPs. The investment will introduce solutions for energy storage and grid stability.
Projected Impact
The project aims to generate direct and indirect employment for around 20,000 to 25,000 people during the construction phase and sustain around 3,500 jobs during the operations phase. The projects are expected to be commissioned in a phased manner from December 2030. These projects should also support the growing industrial and household needs in the region.
Source: BSE