Adani Group to invest Rs 63,000 crore in Assam power projects

Adani Group has made a huge announcement in the energy sector as they have decided to invest around Rs 63,000 crore in important power infrastructure projects in Assam.

 This announcement makes Adani Group to invest Rs 63,000 crore in Assam to the forefront because it entails building conventional generation and storage of power.

Part of this is the development of a 3,200 MW greenfield ultra-super-critical coal fired power plant owned by Adani power Ltd. The lowest tariff of the lowest-tariff bid will be used a Design, Build, Finance, Own and Operate (DBBOO) model of 6.30p/kWh and coal connectivity under the SHAKTI policy of India, where commissioning will be done in phases starting in December 2030.

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Meanwhile, the organization has suggested that its renewable division, Adani Green Energy Ltd, will spend around Rs 15,000 crore on developing two pumped storage plants (PSPs) in Assam, with the overall capacity of 2,700 MW.

The design of these PSPs is aimed at enhancing grid resilience in Assam and reacting to demand during periods when there is availability of renewables. On the industry front, this bilateral solution; coal-generated baseload energy and pumped-storage adaptability, is an indicator of a planned growth in the North-East energy infrastructure.

The investment highlights an increasing confidence in new coal-capacity following a long lull in investment and also indicates an indication of the rising value of storage in the Indian electricity market that is undergoing transformation. It is worth noting that the projects will create approximately 20,000-25,000 employment opportunities during the construction and approximately 3,500 jobs of operation solely on the thermal plant, which is a major development in the Assam industrial ecosystem and energy self-reliance.