Maharashtra State DISCOM Awards Letter of Intent to Adani Power for Major Energy Supply
Adani Power's New Energy Agreement
On September 15, 2024, Adani Power Limited (APL) secured a Letter of Intent from the Maharashtra State Electricity Distribution Company Limited (MSEDCL) for a substantial energy supply contract. This deal includes a Power Purchase Agreement (PPA) for an impressive 5 GW of solar power and a long-term Power Supply Agreement (PSA) for 1496 MW of thermal power from APL's upcoming 1600 MW thermal project.
Leveraging Renewable Energy
The state of Maharashtra has become a leader in India’s solar energy initiatives, significantly boosting the national renewable energy capacity. Adani Green Energy Limited (AGEL), as part of this initiative, is set to contribute to the state’s renewable energy mix, which is vital for achieving energy independence.
- AGEL's solar capacity award of 5 GW is the largest globally since 2020.
- The thermal energy capacity of 1496 MW is the largest award in recent years for the private sector in India.
Strategic Energy Plans
The agreement paves the way for APL to utilize Ultra-Supercritical technology in a new power plant, with a planned commencement of power supply within four years. This strategic initiative aligns with India’s growth, focusing on sustainability while stabilizing the energy grid.
- Mr. Sagar Adani emphasized the commitment to renewable energy.
- Increased power generation will respond to Maharashtra’s rising demand.
This collaboration between MSEDCL and Adani Power underpins a significant step towards a sustainable energy future in India.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.