Adani Power Secures 1500 MW Supply Deal with Uttar Pradesh at Rs 5.383 per Unit

In a significant development for India’s energy sector, Adani Power has clinched a contract to supply 1500 megawatts (MW) of electricity to the northern state of Uttar Pradesh. The agreement was finalized at a competitive rate of Rs 5.383 per unit, underscoring the company’s growing footprint in the nation’s power infrastructure.

Strategic Expansion in Uttar Pradesh

This deal is part of a broader initiative by Adani Power to enhance its energy production capabilities. The company is investing approximately Rs14,000 crore in establishing a new 1600 MW ultra-supercritical thermal power plant in Mirzapur, Uttar Pradesh. This greenfield project, managed by its subsidiary Mirzapur Thermal Energy (UP) Pvt Ltd, is poised to bolster the state’s electricity supply and support its industrial growth.

Competitive Bidding Process

The Uttar Pradesh government initiated a competitive bidding process to meet its escalating power demands. Seven companies participated, with Adani Power emerging as the preferred bidder. The selection was based on the company’s ability to offer a reliable supply at a cost-effective rate, ensuring affordability for consumers and sustainability for the state’s power grid.

Technological Advancements and Environmental Considerations

The upcoming Mirzapur plant will employ ultra-supercritical technology, known for its higher efficiency and lower emissions compared to conventional thermal power plants. This aligns with India’s commitment to reducing its carbon footprint while meeting the energy needs of its growing population.

Economic Implications

The establishment of the new power plant is expected to generate significant employment opportunities during both the construction and operational phases. Additionally, the increased power supply will support local industries, stimulate economic activities, and contribute to the overall development of the region.

Adani Power’s Vision for the Future

Adani Power aims to double its thermal power capacity to approximately 30.67 GW by 2030. The Mirzapur project is a critical component of this vision, reflecting the company’s commitment to meeting India’s energy requirements through strategic investments and technological innovation.

Adani Power’s recent contract with Uttar Pradesh marks a pivotal moment in the state’s journey towards energy sufficiency. By delivering 1500 MW of electricity at a competitive rate, the company not only reinforces its position in the energy sector but also contributes to the broader goal of sustainable and inclusive growth in India.