Adani Group to invest ₹63,000 cr in two major power projects in Assam

The Adani Group will invest about Rs 63,000 crore in Assam to build major power projects, including the Northeast's largest private coal-fired plant, and new pumped-storage facilities.

In a statement, the conglomerate run by billionaire Gautam Adani said its energy companies have received Letters of Award from the state government for two large power projects in Assam.

Adani Power Ltd will put in roughly Rs 48,000 crore to build a 3,200 MW greenfield ultra-super-critical thermal plant under the Design, Build, Finance, Own and Operate (DBFOO) model.

The company won the project with a tariff bid of Rs 6.30 per kWh (per unit) and has secured coal linkage under the Centre's SHAKTI policy.

The plant will be commissioned in phases from December 2030 and is expected to generate 20,00025,000 jobs during construction and about 3,500 in operations.

Adani Green Energy Ltd, the group's renewable energy company, will invest around Rs 15,000 crore in two Pumped Storage Projects (PSPs) with a combined capacity of 2,700 MW. It has also received an LoA for 500 MW of storage capacity that will be served through these PSPs.

The group said total employment during the project phase across both investments would be about 30,000. It described the developments as the largest private-sector investment in the Northeast and aligned with chairman Gautam Adani's earlier pledge to invest Rs 50,000 crore in the region.

Adani said the projects would boost Assam's energy security, industrial growth and grid resilience. The thermal project has approvals from the Assam Electricity Regulatory Commission, and a power supply agreement with APDCL is expected to follow.

"Adani Power Ltd (APL), India's largest private sector power generator, will invest Rs 48,000 crore to set up a 3,200 MW greenfield ultra super critical power plant in Assam. Separately, Adani Green Energy, India's largest renewable energy company, intends to invest Rs 15,000 crore, to set up two PSP in the state with a combined capacity of 2,700 MW," the statement said.

The 3,200 coal-fired plant, which will be commissioned in a phased manner from December 2030, will enhance Assam's energy infrastructure, supporting its growing industrial and household needs with reliable and efficient power.

"This facility is designed to set new benchmarks in environmental stewardship, leveraging modern technology to minimise emissions and maximise operational efficiency," the statement said.

APL has received the requisite approvals from the Assam Electricity Regulatory Commission and the Power Supply Agreement (PSA) with APDCL (Assam Power Distribution Company Ltd) is expected to be executed in due course.

The firm is implementing India's largest private sector capex programme to secure the nation's growing base load demand. It has a current operating capacity of 18.15 GW from 12 thermal power plants and one solar plant and is aiming to achieve an overall generation capacity of 42 GW by 2031-32.

The pump-storage project will introduce cutting-edge solutions for energy storage, grid stability and managing electricity demand during peak times, thus ensuring a sustainable and resilient supply of electricity. It will play a crucial role in integrating renewable energy sources, supporting Assam's journey toward a greener future, the statement said.

"The North-East is emerging as a vital frontier in India's growth story," said Gautam Adani, Chairman of the Adani Group, "and we are proud to contribute to its transformation. Our 3,200 MW thermal power project and 2,700 MW PSP projects in Assam collectively represent not only the largest private sector investment in the region but also firm steps toward energy security, industrial development and job creation.

"These projects will not only energize Assam but also catalyse progress across the entire northeastern corridor.