New Delhi, Sep 16 (FN Representative) Adani Green Energy Ltd. (AGEL) on Sunday said that it will sign a long-term power purchase agreement (PPA) with Maharashtra State Electricity Distribution Company Ltd. (MSEDCL) for supply of 5000 MW solar power. Additionally, Adani Power Ltd. (APL) will sign a long-term power supply agreement (PSA) with MSEDCL (Maharashtra discom) for supply of 1,496 MW (net) thermal power to Maharashtra state from a new 1600 MW Ultra-supercritical thermal power project. Maharashtra state Discom has issued Letter of Intent (LoI) for supply of 6,600 MW hybrid solar and thermal power by Adani Green and Adani Power. “The 6,600 MW capacity has been secured through a competitive bidding process initiated by MSEDCL for procurement of combined 1600 MW thermal and 5,000 MW solar power,” an official statement said.
As per the official release, the solar capacity has been allocated at a flat tariff of Rs 2.70 per kWh for supply of power for a period of 25 years. The solar projects are expected to be connected to the inter-state transmission system and will be developed in a staggered manner over a period of three years from execution of the PPAs with MSEDCL. The thermal capacity has been awarded to APL on Design, Build, Finance, Own, and Operate (DBFOO) basis, with sourcing of fuel from coal linkages allocated under Scheme for Harnessing and Allocating Koyala Transparently in India (SHAKTI) policy. Under the terms of the award, APL will enter into a 25-year Power Supply Agreement (PSA) with MSEDCL for supply of 1,496 MW of electricity (net of auxiliary consumption) on a long-term basis from a new thermal power plant having an installed capacity of 1,600 MW (2×800 MW) to be set up utilising Ultra-Supercritical technology.
“We are glad to collaborate with MSEDCL to meet the states’ rising energy demand through renewable sources and fulfil its RE (renewable energy) commitments. Our goal is to accelerate India’s clean energy transition. This is a crucial step towards the country’s energy independence and building a sustainable future. Adani Green is well positioned to achieve the 50 GW target with secured resource-rich sites in strategic locations, a portfolio mix of renewables and storage solutions, a robust supply chain, and clear evacuation plans,” said Sagar Adani, Executive Director, Adani Green Energy. Added Anil Sardana, Managing Director, Adani Power, “As India advances in achieving its economic growth targets while maintaining a keen focus on sustainability, the role of conventional power in helping stabilise the grid and supplying base load power assumes greater importance.