Adani Group announced on Sunday that Adani Power and Adani Green will ink agreements with the Maharashtra State Electricity Distribution Company Limited (MSEDCL) to supply solar and thermal power to the state. The state distribution company also issued a Letter of Intent (LOI) for 6600 MW to Adani Power.
Under the agreement, Adani Green will sign a long-term Power Purchase Agreement (PPA) with the MSEDCL and supply 5 GW of solar power from its energy park at Khavda, Gujarat, currently under development. Adani Power Limited will provide 1496 MW thermal power to Maharashtra from a new thermal power project as part of a separate agreement.
Notably, Maharashtra has been a leading name in the solar energy landscape in the country. Adani Green began supplying power to Mumbai city with green energy in March 2023 from its wind-solar hybrid cluster in Jaisalmer. The overall share of renewable energy in Mumbai’s distribution circle energy mix touched 37 per cent, as of June 2024.
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Elaborating on the partnership, Sagar Adani, ED, Adani Green Energy, said, “Our goal is to accelerate India’s clean energy transition. This is a crucial step towards the country’s energy independence and building a sustainable future. Adani Green is well positioned to achieve the 50 GW target with secured resource rich sites in strategic locations, portfolio mix of renewables and storage solutions, robust supply chain and clear evacuation plans.”
Meanwhile, Anil Sardana, MD, Adani Power, commented that it is crucial that India moves towards its economic growth targets while keeping an eye on sustainability as well. “Adani Power is proud to partner a leading industrialised state like Maharashtra by becoming one of its key suppliers of reliable and competitive power from its existing and upcoming capacities, while enabling it to integrate an ever-increasing quantum of renewable energy in its grid,” the executive said.