The project entails an investment of around Rs 10,500 crore.
Adani Power emerged as one of the lowest bidders in a competitive process conducted by the Madhya Pradesh state utility, offering a tariff of Rs 5.838 per unit.
Under the contract, the company will supply power to the state distribution company from the upcoming plant, which will be set up on a Design, Build, Finance, Own, and Operate (DBFOO) basis. The project is expected to be commissioned within 54 months from the appointed date.
The proposed 800 MW greenfield plant is part of Madhya Pradesh’s strategy to meet its growing electricity demand amid rapid industrialisation and urbanisation. The state has allocated coal linkage under the SHAKTI Policy to support the project’s fuel requirements.
Adani Power said the plant will help the state bridge its energy requirements while also strengthening infrastructure for long-term growth. The company will invest nearly Rs 10,500 crore in setting up the unit and related facilities in Anuppur.“As India’s power demand continues to rise, driven by rapid economic growth, especially the base load power, it is imperative to invest in robust energy infrastructure to meet the nation’s growing needs. Adani power remains committed to securing India’s energy future in a sustainable way by expanding capacity and embracing advanced technologies, The Anuppur plant will play a pivotal role in ensuring reliable, affordable, and competitively priced power for households and businesses, strengthening India’s and Madhya Pradesh’s energy security and fueling continued progress in the state,” said SB Khyalia, Chief Executive Office of Adani Power. Also read: NSE hikes quantity freeze limit for Bank Nifty derivatives to 900 from September 1
Adani Power shares closed nearly 1% higher at Rs 600.75 on the BSE on Friday.
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