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Adani Power & Adani Green Energy have secured Letters of Award (LoA) worth about ₹63,000 crore from the Assam Power Distribution Company. Shares of both the companies gained in Friday's trading session.
Breaking it down in simple terms: the new orders involve two big projects, one is a modern thermal power plant, and the other is a pumped storage (energy storage) facility.
Adani Power plans to invest ₹48,000 crore to build a large new power plant in Assam.
This plant will have a capacity of 3,200 MW and will use ultra-super-critical technology, which basically means it will be more efficient and produce more electricity using less fuel.
Adani Green Energy, on the other hand, will invest about ₹15,000 crore to set up two pumped storage plants. Together, these two plants will be able to store and supply 2,700 MW of power.
Adani Green Energy has also received approval to provide 500 MW of energy storage. This storage will come from the same two pumped storage plants.
These facilities are designed to bring in advanced energy storage systems that can help balance the electricity grid, making sure there is enough power available during times when demand is high.
Big picture: this is one of the largest power sector investments the Northeast has seen in years. Assam is betting on a mix of reliable thermal power and large-scale clean energy storage to secure its future energy needs. For the Adani Group, these LoAs strengthen its position as a dominant national player across both traditional and renewable power.
