Adani group plans ₹63,000 crore energy investment in Assam

Adani Group is set to invest approximately ₹63,000 crore in two major energy projects in Assam. Adani Power Ltd (APL) will invest ₹48,000 crore to develop a 3,200 MW greenfield ultra-super critical thermal power plant, while Adani Green Energy Limited (AGEL) plans to invest ₹15,000 crore in two Pumped Storage Plants (PSPs) with a combined capacity of 2,700 MW.

The projects were awarded through a competitive bidding process, with APL offering the lowest tariff of ₹6.30 per kWh for the thermal plant. AGEL also secured a Letter of Award (LoA) from Assam Power Distribution Company Limited (APDCL) for the procurement of 500 MW energy storage capacity from a Pumped Hydro Storage plant. The Annual Fixed Cost payable for this storage capacity is ₹1,02,92,887 per MW per annum for 40 years.

This strategic move aligns with chairman Gautam Adani's pledge to invest ₹50,000 crore in the development of India's northeastern region, highlighting the Adani Group's commitment to energy security, industrial development, and job creation in Assam. The thermal power plant is expected to be commissioned in phases starting December 2030.