Two portfolio companies of the Adani Group have received Letters of Award (LoA) from the Assam Government for two transformative projects in Assam: a state-of-the-art thermal power plant and a pioneering pumped storage facility, which would see them collectively invest Rs ~63,000 crore in the state.
Adani Power will invest Rs ~48,000 crore to set up a 3,200 MW greenfield ultra super critical power plant in Assam. Separately, Adani Green Energy intends to invest Rs ~15,000 crore, to set up two Pumped Storage Plants (PSP) in the state with a combined capacity of 2,700 MW. AGEL has received an LoA for 500 MW of energy storage capacity, which will be catered from the above PSPs.
These landmark initiatives underscore the Adani Group's strategic focus on the advancement of India's northeastern region, aligning with Chairman Gautam Adani's pledge in February this year to invest Rs 50,000 crore in the region's development and growth.
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