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Adani Group Commits INR 63,000 Crore to Major Power and Pumped Storage Projects in Assam

Adani Group has unveiled plans to invest approximately Rs63,000 crore in Assam, marking one of the largest private-sector investments in the region’s power and energy infrastructure. The investment will support the development of a 3,200 MW greenfield thermal power plant and two pumped storage projects (PSPs) with a combined capacity of 2,700 MW.

Of the total investment, Adani Power will contribute around Rs48,000 crore toward establishing the new Ultra Super Critical thermal power plant, while Adani Green Energy Ltd. (AGEL) will allocate Rs15,000 crore for the two PSPs. AGEL has also secured a Letter of Award for 500 MW of energy storage capacity, which will be supported by these pumped storage facilities.

Gautam Adani, Chairman of the Adani Group, highlighted the strategic importance of the initiative, stating, “The North-East is becoming a crucial driver of India’s growth, and we are honoured to support its development. Our 3,200 MW thermal plant and 2,700 MW pumped storage projects represent the region’s largest private investment and a decisive step toward strengthening energy security, enabling industrial expansion, and creating jobs. These projects will power Assam’s progress and uplift the wider northeastern region.”

Adani Power won the thermal project with the lowest bid of Rs6.30/kWh and will develop the plant under the Design, Build, Finance, Own, and Operate (DBFOO) model. The project is planned to be commissioned in stages beginning December 2030. The required coal linkage has been allocated under the Government of India’s SHAKTI policy.

AGEL also emerged as the lowest bidder for the 500 MW energy storage requirement. The upcoming PSPs will deploy advanced storage technologies aimed at improving grid stability, increasing peak-time power availability, and ensuring a more resilient energy supply across the state.