Adani Power Limited Secures Long-Term Power Agreement with MSEDCL
Significant Power Supply Agreement
Ahmedabad, September 15, 2024: Adani Power Limited (APL) has received a Letter of Intent (LOI) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for a long-term Power Purchase Agreement (PPA) encompassing supply of 1496 MW (net) thermal power and 5000 MW solar power. This landmark initiative will boost Adani Power's growth and integrate more renewable energy into Maharashtra's infrastructure.
Overview of the Agreement
- 5 GW of solar power from Khavda renewable energy park.
- 1496 MW thermal supply from a new Ultra-supercritical project.
- Competitive tariff of INR 2.70 per kWh.
- Completion of thermal power supply within three and a half years.
Strategic Implications for Adani Power
Mr. Sagar Adani emphasized the collaboration with MSEDCL is crucial for addressing the state's increasing energy demands through sustainable energy solutions. This partnership not only strengthens Adani Power's market presence but also enhances its commitment to India's energy transition, thereby affirming its capacity as a leader in the sector.
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