By Enersider Desk | New Delhi
Two portfolio companies of the Adani Group have received Letters of Award (LoA) from the Assam Government for two projects in Assam including a state-of-the-art thermal power plant and a pumped storage facility, making a collective investment of Rs 63,000 crore in the state.
Adani Power Ltd (APL), will invest INR 48,000 crore to set up a 3,200 MW greenfield Ultra Super Critical power plant in Assam, according to the official statement.
Separately, Adani Green Energy, intends to invest INR 15,000 crore, to set up two Pumped Storage Plants (PSP) in the state with a combined capacity of 2,700 MW. AGEL has received an LoA for 500 MW of energy storage capacity, which will be catered from the above PSPs.
These developments are in line with Chairman Gautam Adani’s pledge in February this year to invest Rs 50,000 crore in the region’s development and growth.
For the thermal project, Adani Power offered the lowest tariff of Rs 6.30 per kWh, through a tightly contested bidding process. The company will set up an Ultra Super Critical plant under the Design, Build, Finance, Own and Operate (DBFOO) model. The coal linkage for the power plant has been allocated under the SHAKTI Policy of the Government of India.
The project, which is expected to generate employment for around 20,000 people, will be commissioned in a phased manner from December 2030.
On the other hand, Adani Green Energy too emerged as the lowest bidder for 500MW of energy storage capacity.
According to the official statement, the project will introduce cutting-edge solutions for energy storage, grid stability and managing electricity demand during peak times, thus ensuring a sustainable and resilient supply of electricity .
Commenting on the development, Chairman of the Adani Group, Gautam Adani said, “The North-East is emerging as a vital frontier in India’s growth story, and we are proud to contribute to its transformation.”
He further added, “These projects will not only energise Assam but also catalyse progress across the entire northeastern corridor.”
