The Adani Group announced one of the largest private-sector investments in Northeast India as two of its portfolio companies received Letters of Award from the Assam Government to develop major energy infrastructure projects worth about ₹63,000 crore.
Adani Power Ltd planned to invest nearly ₹48,000 crore to set up a 3,200 MW greenfield ultra-supercritical thermal power plant. Awarded through a competitive bidding process at the lowest tariff of ₹6.30 per kWh, the project was set to operate under the Design, Build, Finance, Own and Operate model. Coal linkage for the plant had been secured under the Government of India’s SHAKTI policy. The project was expected to generate employment for 20,000–25,000 people during construction and around 3,500 during operations. It would be commissioned in phases from December 2030 to strengthen the state’s power infrastructure and meet growing demand.
Adani Green Energy Ltd planned to invest close to ₹15,000 crore to develop two Pumped Storage Plants with a combined capacity of 2,700 MW. The company emerged as the lowest bidder for 500 MW of storage capacity to be supplied from the same facilities. The projects aimed to enhance grid stability, support renewable energy expansion and provide peak-time power management for the region. Together, the thermal and storage projects were expected to create around 30,000 jobs during development.
Adani Group Chairman Gautam Adani said the investment underlined the conglomerate’s commitment to the Northeast’s economic growth, noting that these projects represented the largest private-sector investment in the region. The initiatives also surpassed the group’s earlier pledge to invest ₹50,000 crore in the Northeast. The Assam Electricity Regulatory Commission had already granted approvals for the thermal project, while the Power Supply Agreement with APDCL was expected soon.
