Adani Power Ltd (APL), India’s largest private thermal power producer, has secured a Letter of Intent from Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) to supply 1.6 GW thermal power combined with 5 GW solar power.
Adani Power secured the 6.6 GW capacity through a competitive bidding process initiated by MSEDCL. The terms of the tender permit Adani Power to bid for thermal power capacity along with solar power capacity, which can be supplied by a group company.
Adani Power accordingly also bid for 5 GW solar capacity on behalf of Adani Green Energy Ltd, thereby leveraging the two entities’ respective competitive advantages and strengths in the thermal and solar power sectors.
Adani Power and Adani Green Energy will sign separate contracts with MSEDCL for their respective supply component as permitted under the tender conditions.
Adani Green Energy will sign a long-term power purchase agreement (PPA) with MSEDCL for supply of 5 GW solar power from the world’s largest renewable energy park being developed at Khavda in Kutch District of Gujarat. The solar capacity has been allocated at a flat tariff of INR 2.70 ($0.032) per kWh for supply of power for a period of 25 years. The solar projects are expected to be connected to interstate transmission system and shall be developed in a staggered manner over a period of three years from execution of the PPAs with MSEDCL.
Adani Power will sign a long-term power supply agreement with MSEDCL for supply of 1.496 GW (net) thermal power to Maharashtra state from a new 1.6 GW ultra-supercritical thermal power project.
“The solar capacity award of 5 GW is the world’s largest such award since 2020, bolstering AGEL’s leadership in India and as one of the largest RE portfolio globally. Similarly, the thermal capacity award is the largest in India in recent years to be awarded to the private sector,” stated a release by Adani Power and Adani Green Energy.
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