Adani Power Expands Energy Portfolio with Major Thermal and Hydroelectric Projects

Adani Power Expands Energy Portfolio with Major Thermal and Hydroelectric Projects

“Adani Power secures 1,600 MW thermal project in Madhya Pradesh and partners with Bhutan for a 570 MW hydro venture, marking a significant leap in regional energy infrastructure.”

Adani Power, India's largest private thermal power producer, continues to demonstrate its strategic growth ambitions and commitment to sustainable energy infrastructure through key project developments in both thermal and renewable sectors. The recent announcements mark significant progress in its domestic and international operations, reinforcing the group's robust positioning within the power sector.

Expansion in Thermal Power: 1,600 MW Project in Madhya Pradesh

In a major development, Adani Power has secured a second Letter of Award from MP Power Management Company Ltd. for the supply of 800 MW of power from its upcoming ultra-supercritical thermal power project in Anuppur, Madhya Pradesh. This follows a previous LoA granted on August 29, 2025, for the same capacity, bringing the total awarded capacity under this project to 1,600 MW.

The thermal power project, to be developed on a Design, Build, Finance, Own, and Operate (DBFOO) basis, will utilize coal secured through linkage under the SHAKTI policy, a government initiative designed to ensure transparent coal allocation for the power sector. Both units are expected to be commissioned within 60 months of the appointed date, with a total investment estimated at ₹21,000 crore, encompassing both the plant and supporting infrastructure. Adani Power confirmed that the additional 800 MW allocation will be supplied at a tariff of ₹5.838 per kWh, consistent with the earlier awarded tranche. This uniform pricing is expected to streamline project planning and commercial operations over the coming years.

Stock Market Activity and Corporate Clarification

In light of the project announcements and overall positive market sentiment, Adani Power’s shares have appreciated by 7% over the past month and 21% over the last six months. This market performance has drawn attention, prompting the company to issue a formal clarification to stock exchanges on September 9. In its statement, the company emphasized that the movement in share volumes is entirely market-driven, with no influence or prior knowledge from the management regarding the surge in trading activity. The clarification underscores Adani Power's commitment to transparency and adherence to fair market practices.

International Foray: 570 MW Wangchhu Hydroelectric Project in Bhutan

In addition to its domestic expansion, Adani Power is extending its footprint internationally through a collaboration with Druk Green Power Corporation Ltd., Bhutan’s state-owned generation utility. On September 6, the company announced the signing of a Shareholders Agreement and Concession Agreement for the development of the 570 MW Wangchhu hydroelectric project in Bhutan. This peaking run-of-river project will be implemented on a Build, Own, Operate, and Transfer basis. With an estimated investment of ₹6,000 crore, the initiative represents a strategic move into clean and sustainable energy generation in the Himalayan region.

A detailed project report has already been prepared, and construction is expected to commence by mid-2026, with project completion targeted within five years of the groundbreaking ceremony. This cross-border collaboration highlights Adani Power’s growing influence in the South Asian energy landscape and its alignment with global sustainability goals. Adani Power’s recent thermal and hydroelectric project developments reflect its strategic agility and commitment to both traditional and renewable energy sectors. With a strong domestic foundation and growing international partnerships, the company is well-positioned to play a pivotal role in the evolving energy landscape of the region. The twin focus on infrastructure investment and regulatory compliance ensures that Adani Power remains a key stakeholder in India's energy security and regional cooperation in clean energy development.