Adani Power’s Strategic Expansion in Mirzapur
Adani Power, India’s leading private thermal power producer, is set to develop a 1600 megawatt (2×800 MW) greenfield ultra-supercritical thermal power plant in Mirzapur, Uttar Pradesh. This initiative is part of Adani Power’s broader strategy to double its thermal power capacity to approximately 30 gigawatts (GW). The project, undertaken by Adani Power’s subsidiary Mirzapur Thermal Energy (UP) Pvt Ltd, reflects the company’s commitment to expanding its thermal portfolio.
Significant Investment and Strategic Acquisitions
The anticipated investment for this project is around Rs 14,000 crore, aligning with the estimated cost of Rs 8-9 crore per MW for setting up a greenfield thermal power plant. “Adani Power plans to double its thermal power capacity from the present 15.25 GW to 30.67 GW by 2030, and this greenfield expansion is a crucial part of that strategy,” revealed a source familiar with the development. The company is currently enhancing its capacity from 15.25 GW to 16.85 GW. Notably, the Mirzapur project site was previously earmarked by Welspun Group’s Welspun Energy UP Pvt Ltd for a 1320 MW supercritical coal-based power plant. Adani Infra acquired Welspun Energy UP Pvt Ltd in 2019 and rebranded it as Mirzapur Thermal Energy (UP) Pvt Ltd.
Partnership with BHEL and Future Projects
In a significant move on June 14, Adani Power awarded a Rs 3500 crore contract to Bharat Heavy Electricals Ltd (BHEL) for the manufacture and supply of main plant equipment and associated auxiliaries. BHEL will also oversee the erection and commissioning of the plant. “MTEUPL owns land suitable for a large-scale thermal power plant in Mirzapur, which offers an opportunity to expand our generation capacity and geographic footprint in India as part of our long-term strategy,” Adani Power stated.
Additionally, Adani Power is progressing with the development of a 1600 MW (2X800 MW) ultra-supercritical thermal power expansion project at its existing 1,370 MW plant in Raipur, Chhattisgarh. The company projects a significant increase in capacity addition of supercritical, energy-efficient thermal plants, with revised projections exceeding 80 GW. This aligns with India’s goal to achieve 50% installed capacity from renewables (500 GW) by 2030, aiming to reduce the emission intensity of GDP by 45%.
The government recently announced plans for an additional 80 GW coal-based power capacity with an investment of Rs 6.67 lakh crore by 2031-32 to meet the country’s growing electricity demand.
