Adani Power & AGEL Announce Rs 63,000 Crore Investment In Assam For Thermal & Renewable Projects

Adani Power and Adani Green Energy, two flagship companies of the Adani Group, on Friday announced a collective investment of Rs 63,000 crore in Assam.

The projects mark a transformative step for the state, expected to strengthen energy security, industrial development, and employment generation.

Adani Power Ltd, India’s largest private-sector power generator, will invest Rs 48,000 crore to construct a 3,200 MW greenfield ultra-supercritical thermal power plant in Assam.

Meanwhile, Adani Green Energy Ltd (AGEL), India’s leading renewable energy firm, plans to invest Rs 15,000 crore to establish two pumped storage plants (PSPs) with a combined capacity of 2,700 MW.

AGEL has secured an LoA for 500 MW of energy storage capacity, which the company will supply from these PSPs to support grid stability and ensure efficient power distribution.

Together, these projects represent the largest private-sector energy investment in the northeastern region.

Strategic Focus on North-East India

“The North-East is emerging as a vital frontier in India’s growth story, 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,” said Gautam Adani, Chairman of the Adani Group.

These initiatives align with Gautam Adani’s earlier pledge to invest Rs 50,000 crore in the northeast for infrastructure and industrial development, reinforcing the Group’s long-term commitment to the region.

The Adani projects will create direct and indirect employment for approximately 20,000–25,000 people during construction and sustain around 3,500 operational jobs.

The company will develop the thermal power plant under the DBFOO (Design, Build, Finance, Own, Operate) model, with the Government of India providing coal linkage under the SHAKTI Policy. The plant will be commissioned in phases starting in December 2030.

AGEL’s energy storage project, developed as the lowest bidder for 500 MW capacity, will deploy advanced solutions for renewable energy integration, peak demand management, and grid stability.

This initiative will support Assam’s green energy transition and ensure a reliable and sustainable power supply for the region.

These projects not only energise Assam but also catalyse development across the entire northeastern corridor.

Gautam Adani emphasised that the projects will create partnerships benefiting local communities, enhance industrial growth, and support India’s energy transformation.

The Adani Group’s strategic investment signals a significant milestone in India’s northeast energy infrastructure, promising sustainable development, job creation, and long-term economic growth.

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