Adani Power, India’s biggest private thermal power producer, plans to invest ₹18,000 crore to more than triple the capacity of its Kawai power plant in Rajasthan, according to sources familiar with the matter.
Currently, the Kawai plant has a capacity of 1,320 MW. Adani Power intends to expand this in two phases, adding 1,600 MW in each phase, bringing the total capacity to 4,520 MW over the next few years. The plant is located in the Atru Tehsil of Baran district, Rajasthan. The company has already placed a ₹10,000 crore order with Bharat Heavy Electricals Ltd to carry out the expansion.
Adani Power did not respond to requests for comment.
This expansion is part of Adani Power’s broader strategy to increase its thermal power capacity. The company is working on new plants and expanding existing ones across India and is also exploring acquisitions. The goal is to double its thermal power capacity to around 31 GW from the current 15 GW.
To support this growth, Adani Power has secured long- and medium-term domestic fuel contracts. The company has recently won new power purchase agreements for 6,400 MW, linked to pre-assigned coal mines from state allocations. It is also focused on enhancing fuel availability and controlling costs through commercial mining licenses.
Adani Power has a development pipeline of 11.2 GW, including three 1,600 MW projects in Raipur, Raigarh, and Mirzapur. The Raipur and Raigarh projects are expansions in Chhattisgarh, costing nearly ₹10,000 crore. The Mirzapur project in Uttar Pradesh is a new greenfield facility being developed by a subsidiary, Mirzapur Thermal Energy (UP) Pvt Ltd, with an estimated cost of ₹14,000 crore.
Additionally, the National Company Law Tribunal (NCLT) recently approved a ₹3,336 crore resolution plan for Coastal Energen, a distressed thermal power company in Tamil Nadu, submitted by Dickey Alternative Investment Trust and Adani Power. Coastal Energen operates a coal-based power plant in Tuticorin with a 558 MW power-purchase agreement.
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.
