Adani Power surged 7% after winning a contract to supply 1,500 MW of electricity to Uttar Pradesh. The deal is backed by a $2 billion investment in a brand-new thermal power plant.
Why it matters: that’s enough electricity to light up lakhs of homes for 25 years. Uttar Pradesh’s lights are basically booked till FY2050.
The deets: Adani Power will set up a 2x800 MW ultra-supercritical thermal plant in UP, of which 1,500 MW is already locked in through a long-term agreement with the state government.
An ultra-supercritical thermal plant is a next-gen coal power plant that uses very high pressure and temperature to produce electricity more efficiently and with less pollution.
The plant will be built and operated under the DBFOO model - Design, Build, Finance, Own, and Operate, meaning Adani builds it, runs it, and bills it.
Zoom out: as per estimates, UP’s power demand is expected to rise by 11,000 MW over the next decade, thanks to more cities, factories, and everything electric. This project is a key part of the state's long-term energy plan.
Big theme: Everyone’s talking about solar and wind, but thermal power still does the heavy lifting, especially with newer, cleaner tech like ultra-supercritical plants.
As of 2024, thermal power still makes up about 72% of India’s electricity generation. While renewables are growing fast, the government knows that thermal is crucial for base load power, the kind that runs 24/7, rain or shine.
India plans to add 80+ GW of new thermal capacity by 2032, according to the Central Electricity Authority (CEA). That includes building new plants and upgrading old ones with cleaner, more efficient tech like ultra-supercritical units.
