Business EconomyPosted at: Jul 15 2026 7:27PM


Adani Power inks PSA with MSEDCL to supply 1,600 MW of electricity

Mumbai, Jul 15 (UNI) Adani Power Ltd officially announced here on Wednesday that it has signed a 25-year Power Supply Agreement (PSA) with the state-run Maharashtra State Electricity Distribution Company Ltd (MSEDCL) for the long-term supply of 1,600 MW of electricity from a new ultra-supercritical thermal power plant.
The agreement follows the Letter of Award (LoA) issued by the MSEDCL on March 15, after Adani Power emerged as the successful bidder in a competitive tender for long-term supply of 1,600 MW.
As per the bid, the company had quoted a first-year tariff of Rs 5.30 per kWh, with power supply scheduled to commence from FY31.
According to a company statement, the power will be supplied from a 2x800 MW ultra-supercritical thermal power plant to be developed under the Design, Build, Finance, Own & Operate (DBFOO) model.
The power project has also secured domestic coal linkage under the central government's SHAKTI policy, providing long-term fuel security for the plant, according to the company statement.
At the time of receiving the LoA, Adani Power had stated that the MSEDCL contract was its fifth long-term PSA win during FY 25-26, taking its cumulative long-term contracted capacity under new projects to 13.3 GW out of its 23.8 GW under-implementation pipeline.
The company had also mentioned that more than 95 per cent of its operational capacity and more than 55 per cent of its upcoming capacity were tied up under medium-to long-term power supply agreements, which provides revenue visibility.
Incidentally, Adani Power is in the process of expanding its generation capacity from about 18.15 GW to 41.87 GW by FY2031-32 as part of an investment programme of around Rs 2 lakh crore, as reported earlier. UNI BA SAS
Please log in to get detailed story.
Tags: #Adani Power inks PSA with MSEDCL to supply 1#600 MW of electricity
More News

Sustainable packaging’s biggest hurdle is not technology but cost: Zomato

18 Aug 2026 | 3:40 PM

Bengaluru, Aug 18 (UNI) The biggest challenge in replacing plastic food-delivery packaging with sustainable alternatives is not innovation but affordability, with consumers unwilling to absorb an unlimited premium for going green, Zomato Chief Sustainability Officer Anjalli Ravi Kumar said.

see more..

India’s BoP may post $50 bn surplus in FY27, CAD seen at 1% of GDP: SBI Research

18 Aug 2026 | 3:14 PM

New Delhi, Aug 18 (UNI) India’s balance of payments (BoP) is likely to remain in surplus at around $50 billion in FY27, while the current account deficit (CAD) is expected to stay contained at about 1 per cent of GDP, supported by robust foreign currency inflows, SBI Research said in its latest Ecowrap report.

see more..

6 in 10 Indian professionals say job title doesn’t match pay: Survey

18 Aug 2026 | 2:58 PM

New Delhi, Aug 18 (UNI) Nearly six in 10 professionals in India believe their job designation does not adequately reflect their compensation, highlighting a growing disconnect between titles, pay and career progression, according to a survey by hiring platform Indeed.

see more..

Rising currency in circulation makes demand harder to predict: RBI DG

18 Aug 2026 | 2:52 PM

New Delhi, Aug 18 (UNI) Despite the rapid adoption of digital payments in India, demand for physical currency remains strong, making it increasingly difficult for the Reserve Bank of India (RBI) to forecast future cash requirements and plan production and distribution capacity, RBI Deputy Governor Shirish Chandra Murmu said.

see more..

Telangana Govt targets 26,000 MW renewable energy capacity by 2035: Dy CM Bhatti

18 Aug 2026 | 2:17 PM

Hyderabad, Aug 18 (UNI) Telangana is targeting a major expansion of renewable energy capacity as part of its long-term plan to build a clean-energy ecosystem and achieve a USD 3 trillion economy by 2047, Deputy Chief Minister Bhatti Vikramarka said on Tuesday.

see more..