The Adani Group is set to invest close to Rs 63,000 crore in two major energy projects in Assam after its portfolio companies received Letters of Award from the state government. The projects include a cutting-edge thermal power plant and a pioneering pumped storage facility, marking one of the largest private sector investments in the northeastern region.
Adani Power Ltd (APL), India’s largest private sector power producer, will invest about Rs 48,000 crore to establish a 3,200 MW greenfield ultra supercritical thermal power plant. Meanwhile, Adani Green Energy (AGEL) plans to invest nearly Rs 15,000 crore in two pumped storage plants with a combined capacity of 2,700 MW. AGEL has secured an LoA for 500 MW of energy storage, which will be sourced from these facilities.
These initiatives align with Chairman Gautam Adani’s earlier pledge to invest Rs 50,000 crore in the development of India’s northeast. He said the region is emerging as a critical frontier in India’s growth, and these projects will significantly contribute to energy security, job creation, and economic development across the Northeast.
APL’s thermal project—awarded at the lowest tariff of Rs 6.30 per kWh—will be implemented under the DBFOO model, with coal linkage secured under the Government of India’s SHAKTI policy. The plant is expected to create up to 25,000 jobs during construction and support 3,500 jobs once operational. Commissioning is scheduled to begin in phases from December 2030.
Adani Power currently operates 18.15 GW of capacity and aims to scale up to around 42 GW by 2031–32.
AGEL’s pumped storage project will enhance energy storage, grid stability, and peak-demand management, enabling better integration of renewable energy and supporting Assam’s sustainability goals.