Wednesday, May 07, 2025 ਪੰਜਾਬੀ हिंदी

Business

Adani Power wins contract to supply 1,600 MW electricity to Uttar Pradesh

New Delhi, May 6 || The Uttar Pradesh Cabinet has approved the signing of a power purchase agreement (PPA) between the Uttar Pradesh Power Corporation Limited (UPPCL) and Adani Power Limited (APL) for the supply of 1,600 MW of power over a period of 25 years.

APL had secured the bid through a competitive bidding process conducted in October 2024.

The power will be supplied from a new plant that will be set up in Uttar Pradesh.

Uttar Pradesh had launched a tender to source power from a 1,600 MW thermal power plant to be set up in the state.

In February this year, Adani Saur Urja (LA) Limited, a wholly-owned subsidiary of Adani Green Energy, secured a major contract from UPPCL for energy storage capacity.

"Adani Saur Urja (LA) Limited, a Wholly-owned Subsidiary of the Company, has received a Letter of Award (LOA) from Uttar Pradesh Power Corporation Limited (UPPCL) for the procurement of 1,250 MW energy storage capacity from Pumped Hydro Storage Projects," Adani Green Energy had said in a regulatory filing.

Under the awarded contract, the annual fixed cost payable for the project is set at Rs 76,53,226 per MW per year, excluding taxes. The agreement will remain in effect for 40 years from the project's commercial operation date (COD), the company said in its filing.

Have something to say? Post your comment