Adani Power Limited has emerged victorious in a fiercely competitive bid from MSEDCL, securing a Letter of Award for 1,600 MW power supply from its forthcoming ultra-supercritical thermal plant. The company revealed this breakthrough on Sunday, marking another feather in its cap as India’s top private power generator.
Quoting a joint tariff of just 5.30 rupees per kWh, Adani Power outshone rivals to bag the deal. The 25-year PSA will kick off supplies in FY 2030-31, promising stable energy for Maharashtra’s consumers amid rising demands.
This win symbolizes Adani’s prowess in the thermal sector, especially as India ramps up investments to hit 100 GW new thermal capacity by 2032. The company has already notched up five PSAs worth 10,400 MW in FY 2025-26, solidifying its leadership.
Progressing steadily, Adani has now contracted 13.3 GW of its 23.8 GW pipeline under long-term PSAs, close to achieving full securitization. Its existing 18.15 GW operations boast over 95% coverage via medium-long term pacts, with 55%+ of future capacity under 25-year deals—ensuring predictable revenues and output.
Fuel risks are mitigated through MSEDCL’s included coal linkages, enabling cost-efficient delivery. Backed by a massive 2 lakh crore investment, Adani plans to nearly double capacity to 41.87 GW by FY 2031-32, addressing India’s power needs driven by GDP surge, city expansion, factories, and home connections.
Beyond energy, these ventures will create thousands of jobs and boost ancillary industries, fostering economic ripple effects across Maharashtra and beyond. Adani Power’s strategic moves are pivotal for India’s energy security.