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MP Secures Rs 60,000 Cr Power Deals for 4,000 MW, Eyes Full Supply

Madhya Pradesh has signed power supply agreements for 4,000 MW of new thermal generation capacity with investments totalling Rs 60,000 crore. The deals involve Adani Power, Torrent Power, and Hindustan Thermal Projects, with plants to be set up in Anuppur district. Chief Minister Mohan Yadav stated the agreements will guarantee 100% electricity supply to meet the state's demand, likening power to a vital life force. The projects, expected to be operational from 2030, are anticipated to create around 8,000 direct and indirect jobs.

Key Points: MP Signs Rs 60,000 Cr Pacts for 4,000 MW Thermal Power

  • 4,000 MW new thermal capacity
  • Rs 60,000 crore total investment
  • Power supply to start from 2030
  • Expected 8,000 jobs created
  • Plants in Anuppur district
2 min read

MP secures 4,000 MW power supply agreements worth Rs 60,000 crore from three companies

Madhya Pradesh inks deals with Adani, Torrent & HTP for new thermal plants worth Rs 60,000 crore to ensure 100% electricity supply from 2030.

"Electricity is essential as life itself - Chief Minister Mohan Yadav"

Bhopal, Jan 27

Madhya Pradesh has taken a significant step towards ensuring full electricity supply across the state with the signing of power supply agreements for 4,000 megawatts of new thermal power generation capacity.

The agreements were exchanged on Tuesday, in the presence of Chief Minister Mohan Yadav.

The deals involve major players, including Adani Power Limited, Torrent Power Limited, and Hindustan Thermal Projects Limited, with the Madhya Pradesh Power Management Company Limited.

Under the agreements, 1,600 MW has been allocated to Torrent Power Limited with a proposed investment of Rs 24,000 crore, 800 MW to Adani Power Limited with Rs 24,000 crore investment, and 800 MW to Hindustan Thermal Projects Limited involving Rs 12,000 crore.

An additional 800 MW is available under the greenshoe option, bringing the total to 4,000 MW. The overall investment is estimated at around Rs 60,000 crore.

The Madhya Pradesh Power Management Company had invited tariff-based competitive bids for procuring 3,200 MW from new plants within the state, with the greenshoe option for an extra 800 MW.

The successful bidders formed special-purpose vehicles to execute the projects. These projects will be developed on the design, build, finance, own, and operate model and are planned to be set up in the Anuppur district.

Power supply from these new plants is expected to commence from 2030, significantly boosting the state's overall power availability.

Chief Minister Mohan Yadav emphasised the critical role of electricity in the state's progress. He described electricity as essential as life itself, stating that just as life sustains all bodily functions, adequate and reliable power is vital for industrial growth, development, and daily activities.

These agreements, he said, will lay a strong foundation for sustainable development by guaranteeing 100 per cent supply to meet the state's electricity demand.

The new power plants are anticipated to generate direct and indirect employment for approximately 8,000 people, contributing to rural and urban livelihoods in the region.

- IANS

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Reader Comments

S
Shreya B
Great step, but 2030 is a long way off. What about the immediate power needs? We still face load shedding in summers. Hope the government also focuses on improving the existing grid and promoting solar energy on rooftops in the meantime.
A
Aman W
Anuppur district getting these plants is a big deal. 8,000 jobs promised! This can really change the economic landscape of that region. Hope the local youth get proper skill training to benefit from these opportunities. Jai Madhya Pradesh!
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Priyanka N
While thermal power is needed, I hope environmental safeguards are strictly enforced. Anuppur has forests and rivers. Development shouldn't come at the cost of our natural resources. The article doesn't mention any green commitments.
D
David E
Interesting to see the scale of investment. ₹24,000 crore for 800 MW from Adani and the same amount for 1600 MW from Torrent? Seems like there's a big difference in the cost per MW. Would be good to have more transparency on the tariff bids.
K
Kavya N
Reliable electricity is the backbone of 'Make in India'. If MP can guarantee 100% supply, it will attract so much more manufacturing investment. This is a forward-looking move. Hope other states follow suit! 💡

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