Adani Energy, a leading thermal electricity manufacturer in India, has secured a major contract to supply 1,500 MW of electricity to Uttar Pradesh. The company emerged as the winner of a competitive bidding process, offering power at a tariff of Rs 5,383 per unit. The electricity will be generated from a new 2×800 MW (net capacity 1,500 MW) ultra-supercritical thermal power plant to be built in Uttar Pradesh. The project will be developed under the design, build, finance, own, and operate (DBFOO) framework, reflecting a long-term commitment by the company to strengthen power infrastructure in the state.
The project represents an investment of approximately $2 billion (around Rs 16,600 crore) and is expected to create between 8,000 and 9,000 jobs during construction. Once operational, the plant will employ around 2,000 people directly and indirectly, contributing to the local economy. The power plant is expected to start delivering reliable and efficient electricity by FY30.
The contract aligns with the national government’s broader strategy to meet rising power demand through long-term power procurement. Uttar Pradesh’s thermal power demand is projected to grow by around 11,000 MW by 2033-34, driven by rapid industrialization, urban expansion, and infrastructure development. Adani Energy’s CEO, S.B. Khyalia, expressed his privilege to play a leading role in meeting the state’s growing power needs and committed to setting up a modern and low-emission ultra-supercritical plant in UP.
This marks Adani Energy’s second significant win within a year, following a letter of intent for a combined 6,600 MW delivery (including 1,600 MW thermal and 5,000 MW solar) from Maharashtra’s state power distribution company in September 2024. The company is now set to sign a long-term power supply agreement (PSA) with the Uttar Pradesh Power Corporation Ltd. (UPPCL), following the issuance of the letter of award (LoA). The project is expected to contribute significantly to the local economy and support the national government’s efforts to meet rising power demand.