Adani Power is targeting organic capacity addition of 12,520 MW by March 2030 with investments of Rs 120,000 crore. It includes 11,200 MW capacity seven ultra super-critical projects of 2×800 MW each and 1,320 MW (2×660 MW) super-critical project.
The company has power purchase agreements of 4,520 MW in hand and will self finance it using internal accruals, it said in latest investor presentation.
Its peer Tata Power is targeting a total operational capacity of 32 GW (3,200 MW) by FY30, doubling its capacity from 15.6 GW in 2024 with a significant portion of 23 GW coming from renewable energy sources.
The company said 6,120 MW capacity is under construction which includes 4,800 MW or three 2×800 MW ultra super critical projects and 1,320 MW (2×660 MW) super-critical project.
Adani Power did inorganic expansion of 2,300 MW during FY25. However, no organic capacity was installed in FY25.
“We have incurred around Rs 8,000 crore of capex in FY25, and we plan to incur an additional Rs 13,300 crore in FY26. This is including all – Mahan phase 2 and 3, Raigarh phase 2, Raipur phase 2, Mirzapur, Kawai phase 2, and Korba phase 2 and Korba phase 3 projects, Dilip Jha, CFO, APL said in the Q4 investor call.
Anupam Mishra, head – group finance, Adani Group said “We’re currently targeting around Rs 120,000 crore (as capex) over the course of next six years.”
The acquisitions included Lanco Amarkantak Power (now renamed as Korba Power) of 600 MW of operating capacity and 1,320 MW of under construction project for Rs 4,101 crore, Coastal Energen, amalgamated with Moxie Power with operating capacity of 1,200 MW for Rs 3,336 crore, Adani Dahanu Thermal Power Station with 500 MW operating capacity for Rs 815 crore and Vidarba Industries Power, which is currently under acquisition, the company said.
Adani Power crossed 100 billion units of generation, a scale, he said, never before matched by any private sector company. It is now well on track to reach 31 GW capacity by 2030, Adani Group chairman Gautam Adani said at the AGM on Tuesday.