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Key Points

Adani Power has secured a significant bid to supply 1,500 MW of thermal power to Uttar Pradesh through a new greenfield ultra-supercritical power plant. The project represents a $2 billion investment and is expected to generate thousands of jobs during construction and operation phases. The power plant will help meet UP's growing electricity demand, which is projected to rise by 11,000 MW by 2033-34. This win follows Adani's recent success in securing a major power supply agreement with Maharashtra, showcasing the company's expanding energy infrastructure portfolio.

Key Points: Adani Power Wins Major 1,500 MW UP Thermal Plant Bid

  • Adani to invest $2 billion in greenfield power project
  • Competitive tariff of Rs 5.383 per unit
  • Expected to generate 8,000-9,000 jobs
  • Power supply targeted by FY30
2 min read

Adani Power to supply 1,500 MW to UP from upcoming greenfield power plant

Adani Power secures competitive bid to supply 1,500 MW thermal power to Uttar Pradesh with $2 billion investment plan

"We plan to set up a modern and low emission ultra-supercritical plant - S.B. Khyalia, CEO Adani Power"

Ahmedabad, May 10

Adani Power Ltd on Saturday said it has won a tightly-contested bid to supply 1500 MW (net) of thermal power to Uttar Pradesh.

As part of the contract, India's largest private sector thermal power generator will supply power at a highly competitive tariff of Rs 5.383 per unit from a greenfield 2x800 MW (1500 MW net) ultra-supercritical power plant, to be set up under the Design, Build, Finance, Own, and Operate (DBFOO) model in the state.

This is further to the Uttar Pradesh cabinet approving the project earlier this month. The company will now sign a long-term Power Supply Agreement (PSA) with Uttar Pradesh Power Corporation Ltd. (UPPCL) under the Letter of Award (LoA).

“We are happy to have won the competitive bid to supply 1,500 MW power to UP and feel privileged to play a leading role in meeting the state’s rapidly growing power demand. We plan to set up a modern and low emission ultra-supercritical plant in UP and aim to begin supplying reliable and high-quality power by FY30,” said S.B. Khyalia, Chief Executive Officer, Adani Power.

Khyalia said Adani Power would invest $2 billion in setting up the plant and related infrastructure.

The project is expected to generate direct and indirect employment of 8,000-9,000 during the construction phase and 2,000 once in operation.

Thermal power demand in UP is set to rise by 11,000 MW by 2033-34, owing to factors like industrialisation, urbanisation and modernisation. This 1,500 MW order is part of the government’s initiative to meet that future demand.

This is second major PSA bid the company has won in the last one year, after receiving the composite 6,600 MW (1600 MW thermal and 5000 MW solar) LoI from Maharashtra State Electricity Distribution Company Ltd (MSEDCL) in September 2024, which subsequently has been converted into a PSA.

- IANS

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Reader Comments

R
Rahul K.
Good to see UP getting more power capacity! But I hope Adani ensures proper emission controls. We can't compromise air quality while chasing development. The ultra-supercritical tech sounds promising though 🤞
P
Priya M.
9,000 jobs during construction is massive for UP's economy! As someone from Lucknow, I've seen how power cuts hurt small businesses. Hope this brings stable electricity to our state 💡
A
Amit S.
Rs 5.38/unit seems competitive, but will this translate to lower bills for consumers? Or will discoms add their usual surcharges and make it expensive as always?
N
Neha T.
While thermal power is needed now, I hope UP doesn't neglect renewables. Solar potential in Bundelkhand is huge! Adani should balance this with more solar projects like they did in Maharashtra.
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Vikram P.
Adani's execution speed will be key. Many power projects get delayed for years in UP due to land issues and bureaucracy. Hope they've done proper homework before committing FY30 timeline.
S
Sunita R.
As a teacher in Gorakhpur, I just want reliable power for our schools and hospitals first before industries. Hope UPPCL ensures fair distribution - villages suffer the most during shortages.

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