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Adani Power Ltd (APL), India’s largest private sector
power generator, today said it has received a Letter of Award (LoA) from Maharashtra
State Electricity Distribution Company Ltd (MSEDCL) for the supply of 1,600 MW of
power from one of its upcoming ultra-supercritical thermal power projects (USCTPP).
The LoA follows Adani Power’s success in a highly competitive bidding process, where the
company emerged as the lowest-tariff bidder, offering power at a combined tariff of Rs
5.30/kWh. The supply of power under the proposed 25-year Power Supply Agreement (PSA) is
scheduled to commence from the financial year 2030-31.
This achievement marks yet another PSA win for APL during a period of renewed surge of
investments in the thermal power sector. Adani Power has established itself as a leading
provider of new generation capacity, supporting the nation’s goal of adding 100 GW of thermal
power capacity by the year 2032. During FY25-26, APL has won five long-term PSA bids with a
combined capacity of 10,400 MW.
“With India’s power demand continuing to rise steadily, long-term and reliable capacity addition
is critical to ensure energy security,” said Mr. S.B. Khyalia, CEO of Adani Power Ltd. “This LoA
from MSEDCL reflects the competitiveness of Adani Power’s cost structure, our ability to
deliver dependable baseload power and our commitment to supporting India’s growing
electricity needs through long-term partnerships. As India’s leading private power producer, we
are keen to support Maharashtra’s and the nation’s ambitious development goals with reliable
and affordable electricity supply.”
With this development, Adani Power has now tied-up long-term PSAs of 13.3 GW out of its 23.8
GW under-implementation pipeline, marking a significant step towards its stated objective of
securing almost its entire capacity under such contracts. More than 95% of Adani Power’s
current operating capacity of 18.15 GW is now tied up under medium-to-long-term PSAs, while
over 55% of its upcoming capacity of 23.8 GW is secured under 25-year PSAs, providing strong
visibility and stability of volumes and revenue.
The MSEDCL bid incorporates a pre-determined coal linkage, ensuring long-term fuel security
and supporting reliable and cost-effective power supply.
Adani Power is undertaking India’s largest private sector thermal power capex program,
expanding its capacity from the current 18.15 GW to 41.87 GW by FY31-32, with investments of
approximately Rs 2 lakh crore. These projects are aligned with India’s rapidly growing electricity
demand, driven by economic expansion, urbanisation, industrial growth and increasing
household electrification. During the project phase, they are expected to generate employment
for tens of thousands of people and stimulate industrial demand across multiple sectors.