India’s Adani Group will invest about INR630bn ($7.17bn) in two
large-scale energy projects in Assam, including what is set to
become the north-east region’s biggest privately built coal-fired
power plant, Reuters reported.
The announcement follows Reuters’ earlier reporting
that Adani Power had emerged as the lowest bidder for a 3.2-GW
coal-based power supply tender floated by the state government.
According to the company, the plant will begin commissioning in
phases from December 2030, marking one of the most significant
private-sector entries into greenfield coal power after more than a
decade of minimal investment.
Adani Power has been expanding its thermal footprint
aggressively. In August, the company announced another $5bn in
spending across two coal-fired plants and set out plans to scale
its total capacity to 42 GW by fiscal 2032, up from 18 GW. The
wider push comes as India, the world’s second-largest producer and
consumer of coal, continues to rely on the fuel for roughly three
quarters of its electricity generation—unlike China, which has
steadily reduced coal dependency.
The conglomerate is also committing substantial investment to
clean energy infrastructure in Assam. Adani Green Energy plans to
spend about INR150bn on two pumped-storage projects with a combined
capacity of 2,700 MW, including 500 MW awarded through a recent
tender. The company currently has 16.7 GW of renewable capacity and
is targeting 50 GW by 2030.
Earlier this year, Chairman Gautam Adani pledged INR500bn of
investment in India’s north-eastern region as part of a broader
expansion strategy. In a separate announcement, the group said it
intends to invest INR1 trillion in the southern state of Andhra
Pradesh over the next decade across multiple sectors.
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