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Adani Power Wins 558 MW Tamil Nadu Deal, Secures 95% of Capacity

Adani Power's subsidiary Moxie Power Generation Ltd. has received a Letter of Award to supply 558 MW of power to Tamil Nadu for five years. The company emerged as the lowest bidder with a tariff of Rs 5.910 per unit, with supply scheduled to start in April 2026. This agreement means over 95% of Adani Power's operational capacity is now secured under medium to long-term contracts, ensuring stable revenue. The deal will provide Tamil Nadu consumers with reliable, competitively priced power, enhancing grid stability.

Key Points: Adani Power Subsidiary to Supply 558 MW to Tamil Nadu for 5 Years

  • 5-year power supply deal
  • 558 MW from Tuticorin plant
  • Tariff of Rs 5.910 per unit
  • Supply begins April 2026
  • 95% capacity now under long-term contracts
2 min read

Adani Power subsidiary receives LoA to supply 558 MW power to Tamil Nadu for five years

Adani Power's subsidiary Moxie Power wins a 5-year contract to supply 558 MW to Tamil Nadu, securing 95% of its capacity under long-term deals.

"more than 95 per cent of Adani Power's total operating capacity is now secured under medium to long-term contracts. - Adani Power"

Ahmedabad, February 24

Adani Power on Tuesday said its subsidiary Moxie Power Generation Ltd. has received a Letter of Award from Tamil Nadu Power Distribution Corporation Ltd. for the supply of 558 MW of power for a period of five years, according to an official statement by the company.

The company said, "its subsidiary Moxie Power Generation Ltd. (MPGL) has received a Letter of Award (LoA) from Tamil Nadu Power Distribution Corp. (TNPDCL) for supply of 558 MW (net) of power for a period of five years."

Adani Power, India's largest private power producer with a generation capacity of 18.15 GW, said the award marks a significant step in strengthening its long-term power supply portfolio and ensuring stable revenue visibility.

Moxie Power Generation Ltd. operates a 1,200 MW power plant, consisting of two units of 600 MW each, located in Tuticorin, Tamil Nadu.

The company emerged as the lowest bidder in a competitive bidding process by offering a tariff of Rs 5.910 per unit. The supply of power under this agreement is scheduled to begin from 1 April 2026.

With this development, both units of the Tuticorin plant now have power supply agreements in place. The company stated that more than 95 per cent of Adani Power's total operating capacity is now secured under medium to long-term contracts.

According to the company, this achievement provides significant long-term revenue visibility and reduces exposure to short-term market volatility. It also strengthens the company's position in ensuring predictable cash flows and operational stability.

Adani Power further stated that it aims to achieve nearly 100 per cent power purchase agreement (PPA) tie-up for all its operational and under commissioning plants over the coming years. The company noted that securing long-term agreements remains a key part of its strategy to ensure stable growth and operational efficiency.

The company also highlighted that the power supply agreement is expected to benefit consumers in Tamil Nadu by providing an additional 558 MW of reliable and high-quality power. This will help enhance grid stability and support uninterrupted electricity supply to households, businesses, and industries in the state.

Additionally, by securing power at a competitive tariff of Rs 5.910 per unit, consumers are expected to benefit from more affordable and dependable energy in the coming years.

- ANI

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Reader Comments

P
Priya S
Good news for industries in TN. Reliable power is crucial for manufacturing and IT sectors. If this helps reduce the burden of power cuts, it will boost the state's economy and create jobs. The competitive bidding process seems to have worked in favor of the public.
R
Rohit P
While securing power supply is important, I hope the environmental impact of the Tuticorin plant is being managed properly. That region has faced ecological concerns before. Development and sustainability must go hand-in-hand.
S
Sarah B
Interesting to see such a large-scale, long-term agreement. From a business perspective, it gives Adani Power tremendous revenue visibility. For TNPDCL, locking in supply at a fixed rate for 5 years is a smart hedge against future price volatility in the energy market.
V
Vikram M
The tariff of ₹5.91 seems reasonable today, but what about in 2026 when supply starts? Inflation and fuel costs could change. I hope the agreement has some built-in safeguards for consumers if input costs fall significantly, so savings can be passed on.
K
Karthik V
As someone from Tamil Nadu, I welcome any move that promises fewer power cuts! Summer is brutal without AC. If this deal helps keep the fans running, it's a win for the common man. Hope the distribution is efficient and doesn't lead to line losses.

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