Adani Power Signs 25-Year, 1,234 MW Thermal Power Deal With Uttarakhand
Adani Power has secured a 25-year agreement to supply 1,234 MW of thermal power to Uttarakhand at Rs 5.75 per unit, the company said.
Current Summary
Adani Power Limited has received a Letter of Award from Uttarakhand Power Corporation Limited (UPCL) after being declared the successful bidder in a tender for long-term thermal power supply to the state. The award covers ex-bus net supply of 1,234 MW, from 1,320 MW of installed capacity, under a Power Supply Agreement spanning 25 years. The agreement is subject to approval by the Uttarakhand Electricity Regulatory Commission for adoption of the tariff under Section 63 of the Electricity Act, 2003, meaning the deal has not yet been fully finalised. The arrangement is intended to secure baseload electricity supply for the state's grid while providing the company long-term revenue visibility, part of a broader trend of Indian states contracting long-term thermal supply to ensure grid stability alongside growing renewable energy integration.
What We Know
- Adani Power has signed a 25-year power supply agreement with Uttarakhand for 1,234 MW.
- The agreed rate is Rs 5.75 per unit.
- The deal is structured as a long-term baseload supply contract.
- Adani Power received a Letter of Award from Uttarakhand Power Corporation Limited (UPCL) as the successful bidder in a tender for thermal power supply.
- The award covers 1,234 MW ex-bus net supply from 1,320 MW of installed capacity.
- The 25-year Power Supply Agreement is subject to Uttarakhand Electricity Regulatory Commission approval of the tariff under Section 63 of the Electricity Act, 2003.
- The announcement came via an Adani Power regulatory filing dated October 14, 2026.
What Is Still Unclear
- Which specific power plants will supply the contracted capacity.
- When actual power supply under the agreement will begin.
- How the deal affects the state's existing power mix and tariffs for consumers.
What Changed
- 14 Oct, 06:10 amCorrection and clarification: Adani Power has received a Letter of Award (LoA) from Uttarakhand Power Corporation Limited (UPCL), naming it the successful bidder in a tender for 1,234 MW (1,320 MW installed capacity) of ex-bus net thermal power supply, in a regulatory filing dated October 14. The 25-year Power Supply Agreement remains subject to approval by the Uttarakhand Electricity Regulatory Commission for adoption of the tariff under Section 63 of the Electricity Act, 2003, meaning the deal is not yet fully concluded.
- 14 Oct, 05:50 amSignal detected: Adani Power Signs 25-Year, 1,234 MW Thermal Power Deal With Uttarakhand