Adani Power, India’s leading private thermal power producer, is set to build a 1600 megawatt (2×800 MW) greenfield ultra-supercritical thermal power plant in Mirzapur, Uttar Pradesh. This project is part of their plan to double their thermal power capacity to about 30 gigawatts by 2030. The new plant will cost approximately ₹14,000 crore, with an estimated setup cost of ₹8-9 crore per megawatt.
Adani Power, through its subsidiary Mirzapur Thermal Energy (UP) Pvt Ltd, aims to expand its current capacity from 15.25 GW to 16.85 GW. The project marks an important step in their strategy to increase capacity and geographic reach within India.
Previously, Welspun Energy UP Pvt Ltd, a part of the Welspun Group, planned to set up a 1320 MW power plant in the same location. Adani Infra acquired this company in 2019 and renamed it Mirzapur Thermal Energy (UP) Pvt Ltd (MTEUPL). Adani Power took over MTEUPL from Adani Infra in June this year.
On June 14, Adani awarded a ₹3500 crore contract to Bharat Heavy Electricals Ltd (BHEL) for the manufacture and supply of the main plant equipment. BHEL will also oversee the erection and commissioning of the plant.
In addition, Adani Power is developing another 1600 MW expansion project at its existing 1370 MW plant in Raipur, Chhattisgarh. The company continues to invest in supercritical, energy-efficient thermal plants, with projections of over 80 GW in capacity additions.
India aims to have 50% of its installed capacity from renewables (500 GW) by 2030 to reduce the emission intensity of its GDP by 45%. The government recently announced plans to add 80 GW of coal-based power capacity by 2031-32, with an investment of ₹6.67 lakh crore to meet the country’s growing electricity demand.
Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.
