Adani Power wins bid to supply 1,500 MW electricity to UP
Adani Power Secures Major 1,500 MW Power Supply Contract with Uttar Pradesh for 25 Years
Key Highlights
Adani Power has emerged victorious in securing a significant long-term power supply contract with Uttar Pradesh, marking a major development in India’s energy sector. The company will supply 1,500 megawatts of electricity at a competitive rate of ₹5.38 per unit, with the contract extending over a 25-year period.
Contract Details
The Uttar Pradesh Cabinet has approved the signing of a Power Purchase Agreement (PPA) between Uttar Pradesh Power Corporation Ltd (UPPCL) and Adani Power. The competitive bid submitted by Adani Power breaks down to:
- Fixed Charges: ₹3.727 per unit
- Fuel Charges: ₹1.656 per unit
- Total Rate: ₹5.383 per unit (kWh)
Project Implementation
The power will be supplied from a new thermal power plant to be established in Uttar Pradesh. This development is part of a larger initiative to address the state’s growing energy needs, with projections indicating an additional requirement of 10,795 MW of electricity by 2033-34.
Tender Background
The contract emerged from a tender launched by Uttar Pradesh to source power from a 1,600 MW thermal power plant. The state specifically sought bids for procuring 1,500 MW from a 2×800 MW (1,600 MW) project, with the tender being initiated in October of the previous year.
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