Adani Power to supply 1,500MW to UP from new greenfield power plant
Lucknow:
Adani Power
Limited, India's largest private sector
thermal power generator
, has emerged as the winning bidder to supply 1,500 MW of thermal power to
Uttar Pradesh
.As part of the contract, the company will supply power at a highly competitive tariff of Rs 5.383 per unit from a greenfield 2x800 MW (1,500 MW net)
Ultra-supercritical power plant
to be set up under the Design, Build, Finance, Own, and Operate (DBFOO) model in the state.
This is in addition to the Uttar Pradesh cabinet approving a project earlier this week. The company will now sign a long-term power supply agreement (PSA) with the Uttar Pradesh Power Corporation Ltd. (UPPCL) under the Letter of Award (LoA) received on Saturday."We plan to set up a modern and low emission ultra-supercritical plant in UP and aim to begin supplying reliable and high-quality power by FY30," said S B Khyalia, chief executive officer, Adani Power.Adani Power plans to invest $2 billion in setting up a thermal power plant and related infrastructure in Uttar Pradesh.
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The project is expected to generate significant employment opportunities, creating 8,000-9,000 jobs during the construction phase and around 2,000 jobs once operational.Uttar Pradesh's thermal power demand is projected to increase by 11,000 MW by 2033-34, driven by industrialisation, urbanisation and modernisation. The recent 1,500 MW order is part of the govt's efforts to meet this growing demand and ensure a stable power supply for the state's future needs.
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