Adani Power Limited, India’s leading private thermal power producer, has secured a major 1,500 MW thermal power project in Uttar Pradesh. The contract, won at a competitive tariff of ₹5.383 per unit, marks a significant milestone for both Adani Group and UP’s growing power sector.
The company will develop a greenfield ultra-supercritical power plant under the Design, Build, Finance, Own, and Operate (DBFOO) model. With an investment of $2 billion (₹16,700 crore approx), this project is expected to power UP’s future industrialisation and modernisation plans.
₹16,700 Crore Investment to Power UP’s Growth Ambitions
Adani Power will build a 2×800 MW ultra-supercritical thermal power plant, providing 1,500 MW net capacity. The state-of-the-art facility, to be developed from scratch, promises high efficiency and low emissions. It is expected to start supplying power by FY30. With UP’s electricity demand projected to rise by 11,000 MW by 2033-34, this project aligns with the state government’s vision for a stable, reliable, and long-term power supply.
The new plant is not just about power—it’s also a driver of opportunity. Around 8,000 to 9,000 jobs will be created during the construction phase, while nearly 2,000 permanent roles will be available once operational.
Adani’s DBFOO Model Sets Industry Benchmark
Winning the contract under the DBFOO model further strengthens Adani Power’s leadership. This model allows private players to design, build, finance, own, and operate power infrastructure, delivering greater accountability and performance. The company’s winning bid reflects a strong cost-competitiveness and operational expertise. This is Adani’s second major win within a year, following the 6,600 MW power order from Maharashtra (1,600 MW thermal + 5,000 MW solar) in September 2024.
The upcoming Power Supply Agreement (PSA) with Uttar Pradesh Power Corporation Ltd. (UPPCL) confirms Adani’s role in fulfilling the energy demands of India’s most populous state.
How This Deal Impacts India’s Energy Security?
This project is a strategic leap in India’s thermal power capacity—especially critical at a time when demand is soaring. While renewable energy continues to rise, thermal power remains a reliable base-load energy source, especially during peak usage. With 17,510 MW of installed thermal capacity already under its belt across 11 Indian states, Adani Power brings unmatched scale and trust to the table.
Disclaimer: The views and investment insights provided here are based on publicly available information and do not constitute financial advice. Readers are advised to conduct their own research or consult certified financial experts before making investment decisions.
