Ahmedabad, Sept 15
The offer to provide 6,600 MW of hybrid solar and thermal electricity to Maharashtra was won by Adani Green Energy Ltd (AGEL) and Adani electricity Ltd (APL), it was revealed on Sunday.
In order to supply the state with 5,000 MW (5GW) of solar electricity, Adani Green will enter into a long-term power purchase agreement (PPA) with the Maharashtra State Electricity Distribution Company Ltd (MSEDCL).
According to the Letter of Intent (LOI) granted to Adani Power, the world’s largest renewable energy park will provide the solar power supply. It is currently under development at Khavda in Kutch, Gujarat.
Adani Power is also going to ink a long-term power supply agreement (PSA) with MSEDCL to supply Maharashtra with 1,496 MW (net) of thermal power from a new 1,600 MW ultra-supercritical thermal power project.
Through a competitive bidding process, which was started by the MSEDCL to acquire combined 1,600 MW of thermal and 5,000 MW of solar power, a total of 6,600 MW of capacity has been obtained.
We are happy to work with the MSEDCL to fulfill its RE commitments and meet the state’s increasing energy demand through renewable sources. Our objective is to hasten India’s switch to sustainable energy. In order to achieve energy independence and create a sustainable future for the nation, this is a critical step, according to Adani Green Energy Executive Director Sagar Adani.
He went on to say that Adani Green has a strong supply chain, well-defined evacuation plans, resource-rich sites that are strategically located, a mix of storage and renewable energy options, and is well-positioned to meet the 50 GW target.
The 5 GW solar capacity award, which is the biggest of its kind worldwide since 2020, strengthens AGEL’s position as a market leader in India and among the world’s largest portfolio holders of renewable energy (RE).
In a similar vein, the private sector has recently received the greatest thermal capacity award in the nation.
The solar capacity has been allotted for a 25-year power supply at a fixed rate of Rs 2.70 per kWh.
According to the business, the solar projects would be developed gradually over a three-year period following the completion of the PPAs with MSEDCL. The “SHAKTI Policy” has been applied to the awarding of thermal capacity on a design, construct, finance, own, and operate (DBFOO) basis, with fuel sourced from coal links.
As per the agreement, APL and MSEDCL will sign a 25-year power purchase agreement (PSA) for the long-term supply of 1,496 MW of electricity from a new thermal power plant with an installed capacity of 1,600 MW.
According to Anil Sardana, Managing Director of Adani electricity, conventional electricity’s contribution to grid stabilization and base load power supply becomes more significant as India moves closer to meeting its economic growth ambitions while keeping a close eye on sustainability.
“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,” stated Sardana.
Adani Power runs ten power stations with a total installed thermal generating capacity of 17,010 MW.
