Adani Power on Sunday said it has received a letter of award 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.
The supply of power under the proposed 25-year Power Supply Agreement (PSA) is scheduled to commence from the financial year 2030-31, a company statement said.
“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," SB Khyalia, CEO of Adani Power, said in the statement.
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.
ALSO READ: Adani-Total Gas Cuts Price For Certain Industrial Users
During FY25-26, Adani Power has won five long-term PSA bids with a combined capacity of 10,400 MW.
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.
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.
The LoA follows Adani Power's success in a bidding process, where the company emerged as the lowest-tariff bidder, offering power at a combined tariff of Rs 5.30/kWh.
ALSO READ: Govt Amends Electricity Rules To Simplify Captive Power Generation Framework For Industries
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
