By PTI | New Delhi
The Adani Group, led by industrialist Gautam Adani, has announced a massive investment plan of $60 billion (approx. ₹4.8 lakh crore) for India’s power sector. This investment will be made over the next several years, up to the financial year 2032. The investment will focus on three main areas: renewable energy, power generation, and building a stronger transmission and distribution network. This move aims to support India’s rapidly growing demand for electricity.
A large part of this investment, around $21 billion, will be used by Adani Green Energy to significantly increase its renewable energy capacity. The goal is to produce 50 gigawatts (GW) of clean energy by 2030, a big jump from the current 14.2 GW.
Another $17 billion will be spent through Adani Energy Solutions to build new power lines and distribution systems. The company plans to expand its transmission network from 19,200 km to 30,000 km to carry electricity more efficiently across the country.
Additionally, Adani Power, the largest private thermal power producer in India, will invest $22 billion to expand its total power generation capacity to 41.9 GW by 2032.
The Adani Group stated that India’s electricity market is one of the fastest-growing in the world. The country’s total power capacity is expected to double to 1,000 GW by 2032, creating a huge investment opportunity of over $500 billion. While renewable energy is a major focus, the group also emphasized that coal-based power remains essential for providing reliable, round-the-clock electricity to meet the nation’s rising demand.
