The Adani Group plans to invest over ₹63,000 crore in Assam to construct significant power projects, such as new pumped storage facilities and the largest private coal fired plant in the Northeast.
The conglomerate led by billionaire Gautam Adani stated in a statement that the state government has given its energy companies Letters of Award for two significant power projects in Assam.
A 3,200 MW greenfield ultra super critical thermal plant will be constructed by Adani Power Ltd. using the Design, Build, Finance, Own and Operate (DBFOO) model for about ₹48,000 crore. The company obtained coal linkage under the Center's SHAKTI policy after winning the project with a tariff proposal of ₹6.30 per kWh (per unit).
The facility is anticipated to create 20,000-25,000 jobs during construction and roughly 3,500 jobs during operations. It will be commissioned in phases starting in December 2030.
The group's renewable energy business, Adani Green Energy Ltd., plans to invest around ₹15,000 crore in two Pumped Storage Projects (PSPs) totaling 2,700 MW. Additionally, it has been granted a Letter of Authorization for 500 MW of storage capacity that will be provided by these PSPs.
According to the firm, about 30,000 people would be employed overall over the project phase across both projects. In line with chairman Gautam Adani's previous commitment to invest ₹50,000 crore in the region, it touted the developments as the biggest private-sector investment in the Northeast.
According to Mr. Adani, the projects will improve grid resilience, industrial growth, and energy security in Assam. The Assam Electricity Regulatory Commission has approved the thermal project, and an APDCL power supply deal is anticipated to follow.
"To establish a 3,200 MW greenfield ultra super critical power plant in Assam, Adani Power Ltd (APL), the biggest private sector power generator in India, will invest ₹48,000 crore."
The largest renewable energy business in India, Adani Green Energy, plans to invest ₹15,000 crore to establish two PSPs with a combined capacity of 2,700 MW in the state, according to the announcement.
Assam's energy infrastructure will be improved by the 3,200 coal-fired plant, which will be put into service gradually starting in December 2030 and provide dependable, efficient power to meet the state's expanding residential and industrial needs.
According to the statement, "this facility is designed to set new benchmarks in environmental stewardship, leveraging modern technology to minimize emissions and maximize operational efficiency."
The Assam Electricity Regulatory Commission has granted APL the necessary approvals, and the Power Supply Agreement (PSA) with APDCL (Assam Power Distribution Company Ltd.) is anticipated to be completed in due course.
To meet the country's expanding base load demand, the company is executing the biggest private sector capital expenditure program in India.
With 12 thermal power plants and one solar plant, its present operating capacity is 18.15 GW. By 2031-2032, it hopes to have a total generation capacity of 42 GW.
In order to ensure a sustainable and reliable supply of electricity, the pump storage project will bring state-of-the-art methods for energy storage, grid stability, and controlling electricity demand during peak times.
According to the statement, it will be essential in incorporating renewable energy sources and assisting Assam's transition to a more environmentally friendly future.
Gautam Adani, Chairman of the Adani Group, stated, "The North-East is emerging as a vital frontier in India's growth story, and we are proud to contribute to its transformation."
Together, our 2,700 MW PSP project and 3,200 MW thermal power project in Assam constitute not only the biggest private sector investment in the area but also significant advancements in industrial growth, job creation, and energy security. "These projects will not only energise Assam but also catalyse progress across the entire northeastern corridor," he stated.
