Two Adani group companies– Adani Power and Adani Geen Energy’s wholly owned subsidiary- received a Letter of Award (LoA) from Assam Power Distribution Company on November 13, the companies informed the exchanges on Friday.
Adani Power bags 3,200 MW thermal project
Adani Power has received a LoA from Assam Power Distribution Company (APDCL) to supply electricity from a new 3,200 MW ultra-supercritical thermal power project.
APDCL awarded the long-term contract for the entire 3,200 MW capacity of the greenfield plant, which will be developed in Assam under the Design, Build, Finance, Own and Operate (DBFOO) model. Adani Power will source coal from linkages arranged by the utility under the Centre’s SHAKTI policy. The project, comprising four units of 800 MW each, will be commissioned in phases starting December 2030, with full commissioning targeted for December 2032.
Adani Green Energy subsidiary wins 500 MW hydro storage order
On the same day, another Gautam Adani–led company, Adani Green Energy, secured a significant win. Its wholly owned subsidiary, Adani Saur Urja (KA) Limited, received an LoA from APDCL for a 500 MW pumped hydro energy storage project.
The storage capacity was awarded through a competitive bidding process conducted by APDCL. Under the LoA, Adani Green Energy will receive an annual fixed tariff of Rs 1,02,92,887 per MW for 40 years from the project’s commercial operation date.
Share price of Adani Power
The share price of Adani Power has gained nearly 46.89% so far this year.
Share price of Adani Green Energy
The share price of Adani Green Energy has gained nearly 3.77% so far this year.