Two portfolio companies of the Adani Group, India’s leading private sector infrastructure and energy platform, today said they collectively plan to invest over $7 billion for two transformative projects in India’s Assam state: a state-of-the-art thermal power plant and a pioneering pumped storage facility.
Adani Power Ltd. (APL), India’s largest private sector power generator, will invest ~$5.4 billion to set up a 3,200 MW greenfield ultra super critical power plant and Adani Green Energy, India’s largest renewable energy company, will invest ~$1.7 billion to set up two Pumped Storage Plants (PSP) in the state with a combined capacity of 2,700 MW.
These landmark initiatives underscore the Adani Group’s strategic focus on the advancement of India’s northeastern region, aligning with Chairman Gautam Adani’s pledge in February this year to invest $5.6 billion in the region’s development and growth.
“The North-East is emerging as a vital frontier in India’s growth story,” said Mr Gautam Adani, Chairman of the Adani Group,” and we are proud to contribute to its transformation. Our 3,200 MW thermal power project and 2,700 MW PSP projects in Assam collectively represent not only the largest private sector investment in the region but also firm steps toward energy security, industrial development and job creation. These projects will not only energize Assam but also catalyse progress across the entire northeastern corridor.”
Adani Power will set up a 3,200 (800MW X 4units) Ultra Super Critical plant. generating direct and indirect employment for around 20,000 to 25,000 people during the construction phase and sustain around 3,500 jobs during the operations phase. The project will enhance Assam’s energy infrastructure, supporting the state’s growing industrial and household needs with reliable and efficient power.
The Adani PSP Project too would introduce cutting-edge solutions for energy storage, grid stability and managing electricity demand during peak times, thus ensuring a sustainable and resilient supply of electricity. It will play a crucial role in integrating renewable energy sources, supporting Assam’s journey toward a greener future.