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Key Points

Adani Power has secured a major contract to supply 1500 MW of thermal power to Uttar Pradesh. The project involves a $2 billion investment in a low-emission ultra-supercritical plant. The deal comes as UP anticipates an 11,000 MW surge in power demand by 2033-34. This follows Adani's recent 6,600 MW power supply agreement with Maharashtra.

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

  • Adani Power to build a greenfield 1500 MW ultra-supercritical plant in UP
  • Project to generate 8,000-9,000 jobs during construction
  • UP's power demand expected to rise by 11,000 MW by 2033-34
  • Follows Adani's recent 6,600 MW Maharashtra power deal
2 min read

Adani Power to supply 1500 MW to Uttar Pradesh from upcoming greenfield power plant

Adani Power secures a 1500 MW thermal power supply contract for Uttar Pradesh, investing $2B in a low-emission plant to meet rising demand.

"We are happy to have won the competitive bid to supply 1,500 MW power to UP state and feel privileged to play a leading role in meeting the state's rapidly growing power demand. – SB Khyalia, CEO, Adani Power"

Ahmedabad, May 10

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

As part of the contract, the Adani Group company 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 in the state under the Design, Build, Finance, Own, and Operate (DBFOO) model.

This is further to the Uttar Pradesh cabinet, which approved 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) received today, Adani Power said in a statement.

"We are happy to have won the competitive bid to supply 1,500 MW power to UP state 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 SB Khyalia, Chief Executive Officer, Adani Power.

Khyalia said Adani Power would invest USD 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 seen rising 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 (power sale agreement) bid the company has won in the last one year, after receiving the composite 6,600 MW (1600 MW thermal and 5000 MW solar) Letter of Intent from Maharashtra State Electricity Distribution Company Ltd. (MSEDCL) in September 2024, which subsequently has been converted into a PSA.

Adani Power (APL), a part of the Adani portfolio, is one of the largest private thermal power producers in India. The Company has an installed thermal power capacity of 17,510 MW spread across eleven power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand, and Tamil Nadu, apart from a 40 MW solar power plant in Gujarat.

- ANI

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Reader Comments

Here are 6 diverse Indian perspective comments for the Adani Power article:
R
Rahul K.
This is great news for UP's development! With industrial growth, we desperately need reliable power supply. Hope Adani delivers on time unlike some past projects. The employment generation is a big plus for local youth. 👍
P
Priya M.
Rs 5.38 per unit seems reasonable but I wonder how this compares to renewable energy costs now? UP has so much solar potential - shouldn't we be focusing more on green energy instead of thermal plants?
V
Vikram S.
Adani Group's execution capability is impressive but I hope UPPCL maintains strict quality checks. Many private power projects compromise on emission norms after getting approvals. UP's air quality can't afford more pollution.
A
Anjali T.
As someone from UP, we've suffered enough with power cuts. If this brings 24x7 electricity to homes and industries, it's worth it. Just hope the promised jobs actually go to locals and not migrant workers from other states.
S
Sanjay P.
Good to see private sector investing in infrastructure. But why only Adani getting all major power contracts? Shouldn't there be more players to ensure healthy competition and better prices for consumers?
N
Neha R.
Ultra-supercritical technology is promising for cleaner coal power. But FY30 is 6 years away! By then, battery storage costs may drop making renewables more viable. Hope this doesn't become a stranded asset later.

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