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Adani Power Wins 1,600 MW Maharashtra Deal, Securing Key Long-Term Supply

Adani Power has received a Letter of Award from Maharashtra's state discom for a 25-year contract to supply 1,600 MW of power from an upcoming ultra-supercritical thermal project. The company emerged as the lowest bidder with a tariff of Rs 5.30 per kWh, with supply scheduled to commence from the 2030-31 financial year. This win is part of a broader surge, with the company securing five long-term bids totaling 10,400 MW in the 2025-26 period. The deal significantly advances Adani Power's strategy to secure long-term contracts for its massive capacity expansion, aiming to grow from 18.15 GW to nearly 42 GW by 2031-32.

Key Points: Adani Power Wins 1,600 MW Power Supply Contract in Maharashtra

  • Wins 1,600 MW supply deal in Maharashtra
  • Tariff set at Rs 5.30/kWh
  • Power supply to start from FY 2030-31
  • Part of 10,400 MW won in 2025-26
  • Over 55% of new capacity now secured
2 min read

Adani Power receives order from Maharashtra for 1,600 MW long-term power supply

Adani Power secures a 25-year deal to supply 1,600 MW to Maharashtra, marking a major win in India's thermal power sector expansion.

"This LoA... reflects the competitiveness of Adani Power's cost structure - S.B. Khyalia, CEO of Adani Power Ltd."

Ahmedabad, March 15

Adani Power Ltd on Sunday said it has received a Letter of Award from Maharashtra State Electricity Distribution Company Ltd for the supply of 1,600 MW of power from one of its upcoming ultra-supercritical thermal power projects.

According to the private sector power generator, the LoA follows Adani Power's success in a highly competitive bidding process, where the company emerged as the lowest-tariff bidder, offering power at a combined tariff of Rs 5.30/kWh.

The supply of power under the proposed 25-year Power Supply Agreement (PSA) is scheduled to commence from the financial year 2030-31, Adani Power said in a statement.

This achievement marks yet another Power Supply Agreement win for the Adani Group company during a period of renewed surge of investments in the thermal power sector.

During 2025-26, Adani Power has won five long-term power supply bids with a combined capacity of 10,400 MW.

"With India's power demand continuing to rise steadily, long-term and reliable capacity addition is critical to ensure energy security," said S.B. Khyalia, CEO of Adani Power Ltd. "This LoA from MSEDCL reflects the competitiveness of Adani Power's cost structure, our ability to deliver dependable baseload power and our commitment to supporting India's growing electricity needs through long-term partnerships. As India's leading private power producer, we are keen to support Maharashtra's and the nation's ambitious development goals with reliable and affordable electricity supply."

With this development, Adani Power has now tied-up long-term power supply agreements of 13.3 GW out of its 23.8 GW under-implementation pipeline, marking a significant step towards its stated objective of securing almost its entire capacity under such contracts.

More than 95 per cent of Adani Power's current operating capacity of 18.15 GW is now tied up under medium-to-long-term power supply agreements, while over 55 per cent of its upcoming capacity of 23.8 GW is secured under 25-year power supply agreements, providing strong visibility and stability of volumes and revenue.

The MSEDCL bid incorporates a pre-determined coal linkage, ensuring long-term fuel security and supporting reliable and cost-effective power supply.

Adani Power is expanding its capacity from the current 18.15 GW to 41.87 GW by 2031-32, with investments of approximately Rs 2 lakh crore.

- ANI

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Reader Comments

S
Sarah B
While the scale is impressive and we definitely need more power, I have concerns. Starting supply only in 2030-31? That's a long wait. Also, with the global push for renewables, is such a heavy investment in new thermal capacity the right long-term strategy for India's energy mix?
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Vikram M
Adani Power is on a roll! Winning 5 bids for 10,400 MW just this year shows their execution capability. The pre-determined coal linkage is a smart move to avoid fuel shortages. Reliable baseload power is still the backbone for our industries. Jai Hind!
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Priya S
Good to see private players stepping up to meet the demand. But I hope MSEDCL and the regulators keep a strict check on the quality of supply and adherence to environmental norms. We can't compromise on clean air for power.
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Rohit P
₹2 lakh crore investment by 2032! That's some serious commitment to India's infrastructure. This will create thousands of jobs directly and indirectly. As a Marathi manoos, I welcome any development that powers our state's growth. 🔥
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Michael C
The business stability angle is fascinating. Over 95% of current capacity and 55% of future capacity tied to long-term contracts? That's a very strong, predictable revenue model for any company. Smart planning for the shareholders.

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