Adani group has won a bid to supply 6,600MW of bundled renewable and thermal power to Maharashtra for the long term after its quote of ₹4.08 per unit beat the likes of JSW Energy and Torrent Power.
Adani Power’s bid for the bundled renewable and thermal energy supply for 25 years was almost a rupee lower than the cost at which Maharashtra currently procures electricity and will help meet future electricity requirements of the state, two sources with direct knowledge of the matter said.
Supplies are to start in 48 months from the date of award of the letter of intent.
Later, the Adani group, in a statement, confirmed the PTI news break.
“Maharashtra State Electricity Distribution Company (MSEDCL) issues a letter of intent for 6,600 MW to Adani Power.”
While Adani Power will supply 1,496MW (net) thermal power from the new 1,600MW ultra-supercritical capacity, its sister concern Adani Green Energy Ltd will supply 5GW (5,000MW) solar power from the Khavda renewable energy park in the Kutch district of Gujarat.
As per the bid conditions, Adani Green Energy will supply solar power at a fixed cost of ₹2.70 per unit throughout the entire supply period, while that from coal will be indexed to coal prices.
India’s largest renewable energy company, Adani Green Energy “will sign a long-term power purchase agreement (PPA) with MSEDCL under the Letter of Intent (LOI) for supply of 5GW (5,000MW) solar power from the world’s largest renewable energy park being developed at Khavda in Kutch District of Gujarat, to Maharashtra state, as per the LOI awarded to Adani Power Limited as permitted under the tender conditions,” the statement said.
Adani Power Limited (APL), India’s largest private thermal power producer, “will sign a long-term Power Supply Agreement (PSA) with MSEDCL for the supply of 1,496MW (net) thermal power to Maharashtra state from a new 1600MW ultra-supercritical thermal power project,” it added.
The statement, however, did not detail the tariff bid to win the tender.
MSEDCL, in March, floated a unique tender for sourcing 5,000MW of electricity generated from sunlight and 1,600MW of power generated from coal.
Kenya order
Kenya has awarded a public-private partnership concession to build power transmission lines to Adani Group and a unit of the African Development Bank, according to an economic advisor to the country’s president, according to Reuters.
The concession is worth $1.3 billion, David Ndii, chief economic adviser to President William Ruto, said in a post on X. “The government has awarded PPP concessions to Adani and Africa50 to build new transmission lines,” Ndii wrote. “They are hiring their project teams. The cost of these transmission lines is $1.3b that we do not have to borrow.”
PTI