Adani Commits $7.1 Billion to Major Power and Storage Projects in Assam

Adani Group will pour roughly ?63,000 crore (~7.1 billion) into Assam through a new 3,200 MW thermal power plant and 2,700 MW of pumped-storage capacity, marking the largest private-sector investment ever committed to India’s Northeast.

Adani Power Ltd. (APL) will lead the effort with a ?48,000-crore ultra-supercritical thermal plant, awarded after it submitted the lowest bid of ?6.30/kWh. The greenfield facility—developed under the DBFOO model and backed by SHAKTI coal linkages—is slated to begin phased commissioning in December 2030. Construction is expected to generate as many as 25,000 jobs, with about 3,500 permanent roles in operations. The plant is designed to boost baseload reliability for Assam’s growing industrial and residential demand while deploying higher-efficiency, lower-emission technology.

Adani Green Energy Ltd. (AGEL) will invest another ?15,000 crore in two pumped-storage projects totaling 2,700 MW, after securing a Letter of Award for 500 MW of storage capacity. The PSPs aim to provide peak-time flexibility, bolster grid stability, and support renewable integration—key priorities as India accelerates clean-energy additions.

The awards advance Chairman Gautam Adani’s February commitment to invest ?50,000 crore in the Northeastern region, and significantly exceed that pledge. They also deepen the group’s rapid power-sector expansion: APL already operates 18.15 GW across India and is targeting ~42 GW by FY32, while AGEL continues to scale one of the world’s largest renewable portfolios.

For Assam, the projects represent a major infrastructure injection that will modernize the state’s power mix, enhance energy security, and attract downstream industrial growth—critical for a region still underbuilt relative to national averages. State approvals are in place for the thermal project, with a power supply agreement with APDCL expected soon.

By Charles Kennedy for Oilprice.com

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