Adani Power Wins Bid to Supply 1500 MW to Uttar Pradesh at Rs 5.383 per Unit
Adani Power Ltd., India's largest private sector thermal power generator, has won a competitive bid to supply 1500 MW (net) of thermal power to Uttar Pradesh. The Company will supply power at a highly competitive tariff of Rs 5.383 per unit from a greenfield 2x800 MW (1500 MW net) Ultra-supercritical power plant to be set up under the Design, Build, Finance, Own, and Operate (DBFOO) model in the state. This is further to the Uttar Pradesh cabinet approving the project earlier this month. The Company will now sign a long-term Power Supply Agreement (PSA) with Uttar Pradesh Power Corporation Ltd. (UPPCL) under the Letter of Award (LoA) received today. The project is expected to generate direct and indirect employment of ~8,000-9,000 during the construction phase and ~2,000 once in operation.
Key Highlights
- Adani Power won a competitive bid to supply 1500 MW to Uttar Pradesh
- The power will be supplied at a tariff of Rs 5.383 per unit
- A greenfield 2x800 MW (1500 MW net) Ultra-supercritical power plant will be set up in UP
- The project is expected to generate direct and indirect employment of ~8,000-9,000 during the construction phase and ~2,000 once in operation
- Adani Power has won a second major PSA bid in the last one year