Adani Power Limited Receives Letter of Award from Uttar Pradesh Power Corporation Limited for Procurement of 1,500 MW from New Thermal Power Project of 2X800MW (1,600 MW) Installed Capacity Situated in the State of Uttar Pradesh

Adani Power Ltd. has received a Letter of Award (LOA) from Uttar Pradesh Power Corporation Limited ("UPPCL") for procurement of 1,500 MW from a new thermal power project of 2x800MW (1,600 MW) installed capacity situated in the State of Uttar Pradesh for a period of 25 years. The Award was secured following a competitive bid submission process. The Supply Contract is for a period of 25 years.

The company will supply power at a highly competitive tariff of INR 5.383 per unit from a greenfield 2x800 MW (1,500 MW net) Ultra-supercritical power plant to be set up under the Design, Build, Finance, Own, and Operate (DBFOO) model in the state. This is further to the Uttar Pradesh cabinet approving the project earlier this month. The Company will now sign a long-term Power Supply Agreement (PSA) with Uttar Pradesh Power Corporation Ltd. (UPPCL) under the Letter of Award (LoA) received on May 10, 2025.

S.B. Khyalia, Chief Executive Officer said Adani Power would invest $2 billion in setting up the plant and related infrastructure. Thermal power demand in UP is seen rising by 11,000 MW by 2033-34 owing to factors like industrialization, urbanization, and modernization.