The Adani Group officially announced on Friday that it will invest Rs 63,000 crore in Assam in two major electricity projects.
Two Adani Group companies have received Letters of Award (LoA) from the Assam government-run Assam Power Distribution Company (APDCL) for a long-term supply of power from a thermal power plant and a pumped storage facility.
Adani Power Ltd will invest Rs 48,000 crore to set up a 3,200 MW greenfield ultra-supercritical power plant in Assam.
According to an official company statement, electric power will be supplied from a 3,200 MW (4x800MW) thermal power project to be developed in Assam, and the project will be executed on a design, build, finance, own, and operate model.
The project will be commissioned in a phased manner in December 2030, with full commissioning by December 2032.
Another Adani Group company, Adani Green Energy, plans to invest Rs 15,000 crore to set up two pumped storage plants (PSP) in the state with a combined capacity of 2,700 MW.
“These landmark initiatives underscore the Adani Group’s strategic focus on the advancement of India’s northeastern region, aligning with Chairman Gautam Adani’s pledge in February 2025 to invest Rs 50,000 crore in the region’s development and growth,” the Adani Group said in a statement.
“The Northeast is emerging as a vital frontier in India’s growth story, and we are proud to contribute to its transformation. Our 3,200 MW thermal power project and 2,700 MW PSP projects in Assam collectively represent not only the largest private sector investment in the region but also firm steps towards energy security, industrial development, and job creation,” Adani Group Chairman Gautam Adani said.
“These projects will not only energise Assam but also catalyse progress across the entire northeastern corridor. We are honoured to contribute to Assam and the entire Northeast’s progress and look forward to building partnerships that uplift local communities and drive India’s energy transformation,” Adani stated.
“Adani Power is implementing India’s largest private-sector capex programme to secure the nation’s growing baseload demand. It currently has an operating capacity of 18.15 GW across 12 thermal power plants and one solar plant, and aims to achieve an overall generation capacity of 42 GW by 2031–32,” the statement said.