- Adani Power will supply 1,500 MW to Uttar Pradesh from a new $2 billion ultra-supercritical coal plant under a DBFOO model at ₹5.383/unit.
- The plant will begin operations by FY 2030, creating up to 9,000 jobs during construction and 2,000 permanent roles.
- This marks Adani’s second major supply win in a year, following a 6,600 MW deal with Maharashtra in 2024.
Adani Power Ltd. won a competitive bid to supply 1,500 megawatts (MW) of electricity to Uttar Pradesh. The company will invest around $2 billion in the project and build a new ultra-supercritical coal-fired plant on a greenfield site.
Adani Power will design, build, finance, own, and operate the plant under the DBFOO model. This model gives the company complete control over the project from start to finish. Adani announced the award on May 10.
The company will supply electricity to the Uttar Pradesh Power Corporation Ltd. (UPPCL) under a long-term power purchase agreement. The state cabinet approved the deal and issued a Letter of Award. Adani Power offered the lowest tariff at ₹5.383 ($0.065) per unit.
The company plans to begin electricity supply by the 2030 fiscal year. Adani Power expects to create 8,000 to 9,000 jobs during construction. Once operational, the plant will provide about 2,000 permanent jobs.
CEO S.B. Khyalia said the project will boost employment and support reliable power delivery. He emphasised the plant’s advanced technology, which improves efficiency and reduces emissions compared to older coal facilities.
Uttar Pradesh continues to see rising power demand. The state needs nearly 11,000 MW of additional thermal capacity by 2033–34, and rapid industrialisation and urban development fuel this growth.
Adani Power’s contract supports the state’s strategy to secure a long-term electricity supply. The agreement aligns with Uttar Pradesh’s broader energy planning goals.
This deal marks Adani Power’s second major supply contract in less than a year. In September 2024, Maharashtra State Electricity Distribution Company Ltd. (MSEDCL) issued a Letter of Intent to the company. That agreement involved a 6,600 MW portfolio, including 1,600 MW of thermal power. Adani later signed a formal power supply agreement for the project.
The planned Uttar Pradesh plant will use ultra-supercritical technology. This system operates at higher pressure and temperature, delivering better fuel efficiency and fewer emissions.
Adani Power will finance, build, and operate the plant. The DBFOO model encourages private companies to invest in large-scale energy infrastructure.
As India’s largest private thermal power producer, Adani Power continues to expand its national presence. The company already runs coal and gas power plants across several states.
Adani sees coal as a key component of India’s base-load power needs even as renewable energy grows. The company views ultra-supercritical plants as a cleaner way to use coal more efficiently.
The new plant will improve power stability in Uttar Pradesh and help meet rising demand. It also fits into India’s broader energy security and infrastructure growth goals.
Adani Power will move forward with project approvals and begin construction soon. The company aims to complete the plant in time to meet its 2030 supply target.