Adani Power Limited has received a Letter of Award (LoA) from Uttar Pradesh Power Corporation Limited (UPPCL) for the procurement of 1,500 MW of electricity. This power will be generated from a new 2x800 MW thermal power plant in Uttar Pradesh for a period of 25 years.
Adani Power secured the deal by offering a highly competitive tariff of ₹5.383 per unit. The electricity will be supplied from a new ultra-supercritical greenfield plant under the DBFOO (Design, Build, Finance, Own, Operate) model.
On this development, S.B. Khyalia, Chief Executive Officer, Adani Power, said, “We are happy to have won the competitive bid to supply 1,500 MW power to UP state and feel privileged to play a leading role in meeting the state’s rapidly growing power demand. We plan to set up a modern and low-emission Ultra-supercritical plant in UP and aim to begin supplying reliable and high-quality power by FY30.”
Mr. Khyalia said Adani Power would invest $2 billion in setting up the plant and related infrastructure.
The project is expected to create employment for around 8,000 to 9,000 people during the construction phase and about 2,000 jobs once it becomes operational. It will also support Uttar Pradesh in meeting its rising power demand, which is expected to grow by 11,000 MW by 2033-34.
This contract is Adani Power’s second major PSA win in a year, following the 6,600 MW (1,600 MW thermal and 5,000 MW solar) deal with Maharashtra’s power utility in September 2024.
Adani Power is India’s largest private thermal power producer with an installed capacity of 17,510 MW across 11 power plants in several states. It also operates a 40 MW solar plant in Gujarat. The company is focused on using advanced technology and innovation to make India self-sufficient in energy and to provide affordable electricity to everyone.
Read more: NCLT Approves Merger Of Adani Enterprises Arm With Adani Power’s Mahan Energen
As of May 12, 2025, at 10:10 AM, Adani Power Ltd share price is trading at ₹546.15 per share, reflecting a surge of 6.67% from the previous closing price. Over the past month, the stock has surged by 0.73%. The stock's 52-week high stands at ₹895.85 per share, while its low is ₹432 per share.
This project boosts Adani Power’s role in India’s energy sector. By investing in advanced infrastructure and long-term supply agreements, the company is contributing to meeting India’s growing power needs.
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Published on: May 12, 2025, 2:48 PM IST
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