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Key Points

Adani Power has secured a major 1500 MW thermal power contract from the Uttar Pradesh government. The deal, priced at Rs 5.383 per unit, comes amid the state's growing energy demands. UP Energy Minister AK Sharma confirmed the win through competitive bidding. This strengthens Adani's position as India's leading private thermal power producer.

Key Points: Adani Power Wins 1500 MW Uttar Pradesh Thermal Plant Contract

  • Adani Power bags 1500 MW contract via competitive bidding
  • UP's peak demand hit 30,000 MW last year
  • Adani Group's power capacity now at 17,510 MW
  • Company reports 19.5% rise in power generation
2 min read

Adani Power bags 1,500 MW power contract from UP government: UP Energy Minister

Adani Power secures 1500 MW thermal power contract from UP govt at Rs 5.383 per unit, boosting state's energy supply amid rising demand.

"Adani Power Ltd has won a contract to supply 1500 megawatts from a thermal power plant in Uttar Pradesh at Rs. 5.383 per unit – AK Sharma"

Lucknow, May 6

Adani Power has won a contract to supply 1,500 megawatts from a thermal power plant in Uttar Pradesh, state's Minister of Energy AK Sharma told reporters on Tuesday.

The per unit cost of power would be Rs 5.383 per KwH, the minister said. The Adani Group company participated in the competitive bidding and its per unit quotation was lowest amongst the participating companies, the minister said.

"We decided to purchase a total of 1500 MW (ex-bus) power from a 2x800 MW (1600 MW) thermal power project based on competitive bidding. Under this, seven companies came forward and participated in the bidding processes... Adani Power Ltd has won a contract to supply 1500 megawatts from a thermal power plant in the northern state of Uttar Pradesh at Rs. 5.383 per unit," AK Sharma told reporters in Lucknow.

Demand for energy has been rising in Uttar Pradesh, a state which is seeing a tremendous economic growth over the past years.

The state crossed a peak power demand 30,000 MW last year, and it is expected to remain at that level this year too, the minister said.

Adani Power Limited (APL), a part of the diversified Adani Group, is one of the largest private thermal power producers in India.

It has a power generation capacity of 17,510 MW comprising thermal power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand, and Tamil Nadu, and a 40 MW solar power project in Gujarat, as per the its website.

On April 30, Adani Power Limited reported that it has generated 102.2 Billion Units of power in the just-concluded financial year 2024-25, up by 19.5 per cent from 85.5 BU in 2023-24, the company's earnings results released Wednesday showed.

According to company information, the Adani Group company's consolidated power sale volume was at 95.9 BU in 2024-25, up by 20.7 per cent from 79.4 BU in 2023-24 due to robust power demand and higher operating capacity.

Consolidated continuing total revenues were higher by 10.8 per cent at Rs 56,473 crore in 2024-25 vs Rs 50,960 crore in 2023-24; supported by higher sales volumes, offset partially by lower tariff realisation.

- ANI

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Reader Comments

R
Rahul K.
Good to see UP investing in power infrastructure! With the state's rapid development, reliable electricity is crucial. Adani has the experience to deliver, but hope they maintain quality and environmental standards. ₹5.38/unit seems reasonable compared to current market rates.
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Priya M.
While the contract is good for UP's power needs, I'm concerned about over-reliance on thermal power. Why not invest more in renewable energy? Solar and wind could be better long-term solutions for our climate commitments. 🌱
V
Vikram S.
Adani Group's expansion in power sector is impressive! Their 19.5% growth in power generation shows they're meeting India's energy demands effectively. Hope this brings stable electricity to UP homes and industries. More power = more development!
A
Anjali T.
The bidding process seems transparent which is good. But will this actually reduce power cuts in UP? We've heard many announcements before but ground reality remains same in many areas. Hope this time it's different!
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Sanjay P.
As someone from UP, I welcome this development. Our state needs continuous power supply for industries to grow and create jobs. Adani has the capacity - just hope the common man benefits with lower electricity bills eventually.
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Neha R.
Interesting to see private players dominating power sector now. While efficiency is good, we must ensure public sector units like NTPC aren't sidelined completely. Balance is important for healthy competition and consumer benefit.

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