Adani Group to invest $7.1 billion in thermal energy and storage in Assam, India

AHMEDABAD, November 14, 2025 – Adani Power and Adani Green Energy have received letters of award from the Government of Assam for a thermal power project and an energy storage project worth a combined USD 7.1 billion, Adani Group announced on Friday.

Adani Power will invest approximately USD 5.4 billion towards a 3.2-GW greenfield thermal power plant, while Adani Green Energy will invest about USD 1.7 billion in two pumped storage plants (PSPs) with a total capacity of 2.7 GW and 500 MW of energy storage.

Adani Power will build the thermal plant under a design-build-finance-own-operate DBFOO model and power it using coal secured under the government’s Scheme for Harnessing and Allocating Koyala Transparently in India (SHAKTI). The plant is scheduled to begin phased commissioning from December 2030 and will create up to 25,000 jobs during construction and 3,500 during operations.

Adani Green Energy will deliver advanced storage solutions to enhance grid stability, allow for better management of peak electricity demand periods and help integrate power contributions from renewable energy sources.

“The North-East is emerging as a vital frontier in India’s growth story. Our 3.2-GW thermal power project and 2.7-GW PSP projects in Assam collectively represent not only the largest private sector investment in the region but also firm steps toward energy security, industrial development and job creation,” said Adani Group chairman Gautam Adani.

Adani Power is India’s largest private power producer, operating 18.15 GW across 12 thermal and one solar plant. It is targeting 42 GW in capacity by 2032. Adani Green Energy is India’s largest renewable energy firm and a developer of solar and wind power and storage systems.

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