Adani Power wins 3.2 GW coal power tender in Assam
pre-market1 source ↓written by the desknot a recommendation
- tender
- 3.2 GW coal power supply
- total capacity
- 42 GW by 2032
- of India's power
- 50%
Adani Power has secured the lowest bid for a 3.2 GW coal power supply tender from the Assam state electricity commission. This move aligns with its strategy to expand total capacity to 42 GW by 2032. The company anticipates formal award communication shortly, which may enhance its market position in India's energy sector. ⚡
• Plans to invest US$5bn in two new coal projects.
• Coal represents 50% of India's power capacity in 2024.
Immediate implications could include increased investor interest in the energy sector.
Not investment advice. For informational purposes only.