Adani Green Energy Limited (AGEL) will sign a long-term PPA with Maharashtra State Electricity Distribution Company Limited (MSEDCL) under the Letter of Intent (LoI), for supply of 5 GW solar power from the world’s largest renewable energy park being developed at Khavda in Gujarat, to Maharashtra state, as per the LoI awarded to Adani Power Limited as permitted under the tender conditions. The 6,600 MW capacity has been secured through a competitive bidding process initiated by MSEDCL for procurement of combined 1,600 MW thermal and 5,000 MW solar power. The terms of the tender permit APL to bid for thermal power capacity along with solar power capacity, which can be supplied by a group company. APL accordingly also bid for 5,000 MW solar capacity on behalf of AGEL, thereby leveraging the two entities’ respective competitive advantages.
Commenting on the development, Sagar Adani, Executive Director, AGEL, said, “We are glad to collaborate with MSEDCL to meet the states’ rising energy demand through renewable sources and fulfill its RE commitments. 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.”
Expressing their outlook, Anil Sardana, Managing Director, APIL, said, “As India advances in achieving its economic growth targets while maintaining a keen focus on sustainability, the role of conventional power in helping stabilize the grid and supplying base load power assumes greater importance. 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.”
