Maharashtra State DISCOM issues LoI for supply of 6600 MW power by Adani Green, Adani Power

by Psu Connect
Date: 17-09-24

Adani Green Energy Limited (AGEL), India's largest renewable energy company, will sign a long-term Power Purchase Agreement (PPA) with Maharashtra State Electricity Distribution Company Limited (MSEDCL) under the Letter of Intent (LOI), for the supply of 5 GW (5000 MW) solar power from the world’s largest renewable energy park being developed at Khavda in Kutch District of Gujarat, to Maharashtra state, as per the LOI awarded to Adani Power Limited as permitted under the tender conditions.

The largest private thermal power producer, Adani Power Ltd will sign a long-term Power Supply Agreement (PSA) with MSEDCL for the supply of 1496 MW (net) thermal power to Maharashtra state from a new 1600 MW Ultra-supercritical thermal power project.

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The 6600 MW capacity has been secured through a competitive bidding process initiated by MSEDCL for procurement of a combined 1600 MW thermal and 5000 MW solar power.

The terms of the tender permit APL to bid for thermal power capacity along with solar power capacity, which can be supplied by a group company. APL accordingly also bid for 5000 MW solar capacity on behalf of AGEL, thereby leveraging the two entities’ respective competitive advantages and strengths in the thermal and solar power sectors.

The solar capacity award of 5 GW is the world’s largest such award since 2020, bolstering AGEL’s leadership in India and as one of the largest RE portfolios globally. Similarly, the thermal capacity award is the largest in India in recent years to be awarded to the private sector.

The solar capacity has been allocated at a flat tariff of INR 2.70 per kWh for supply of power for a period of 25 years.