Guwahati: Adani Power and Adani Green Energy — two flagship companies of the Adani Group — announced on Friday that the conglomerate has received Letters of Award (LoA) from the Assam government for two transformative projects worth Rs 63,000 crore.
In a statement, the conglomerate run by billionaire Gautam Adani said its energy companies have received Letters of Award from the state government for two large power projects in Assam.
Adani Power Ltd, India’s largest private sector power generator, will invest Rs 48,000 crore to set up a 3,200 MW greenfield ultra supercritical power plant under the Design, Build, Finance, Own and Operate (DBFOO) model.
Separately, Adani Green Energy Ltd (AGEL), India’s largest renewable energy company, intends to invest Rs 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, according to the company statement.
The state-of-the-art thermal power plant and a pioneering pumped storage facility would see a collective investment of Rs 63,000 crore in the state.
“The North-East is emerging as a vital frontier in India’s growth story, and we are proud to contribute to its transformation. Our 3,200 MW thermal power project and 2,700 MW PSP projects in Assam collectively represent not only the largest private sector investment in the region but also firm steps toward energy security, industrial development and job creation,” said Gautam Adani, Chairman of the Adani Group.
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These landmark initiatives highlight the Adani Group’s strategic commitment to advancing India’s northeastern region, in line with Chairman Gautam Adani’s pledge in February to invest Rs 50,000 crore in its development and growth.
