Gujarat,nov 14
Two portfolio companies of the Adani Group, India’s leading private sector infrastructure and energy platform, have received Letters of Award (LoA) from the Assam Government for two transformative projects in Assam: a state-of-the-art thermal power plant and a pioneering pumped storage facility, which would see them collectively invest Rs 63,000 crore in the state.Adani Power Ltd (APL), India’s largest private sector power generator, will invest Rs 48,000 crore to set up a 3,200 MW greenfield ultra supercritical power plant in Assam, the company said in a release.Separately, Adani Green Energy, India’s largest renewable energy company, intends 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. AGEL has received an LoA for 500 MW of energy storage capacity, which will be catered from the above PSPs.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 this year to invest Rs 50,000 crore in the region’s development and growth, the release said.”The North-East is emerging as a vital frontier in India’s growth story,” said Gautam Adani, Chairman of the Adani Group,” 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 toward energy security, industrial development and job creation. 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.
