Long-Term Supply Contract

Adani Power Signs 25-Year Power Supply Agreement with MSEDCL for 1,600 MW Thermal Power

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Adani Power Limited has signed a 25-year Power Supply Agreement (PSA) with Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the long-term supply of 1,600 MW of thermal power. The power will be sourced from a new 2×800 MW ultra-supercritical thermal power plant to be developed under the Design, Build, Finance, Own & Operate (DBFOO) model.

PRICE-SENSITIVE TRIGGER

Event: Signing of 25-Year Power Supply Agreement (PSA) with MSEDCL

Type: Long-Term Supply Contract

Impact: Positive

Immediate Effect: The agreement secures long-term revenue visibility for Adani Power through a 25-year supply arrangement while supporting Maharashtra’s future power demand with a new 1,600 MW ultra-supercritical thermal power project.

Financials:

Key Metrics:

Power Supply Capacity: 1,600 MW
Project Configuration: 2 × 800 MW Ultra-Supercritical Thermal Power Units
Contract Tenure: 25 Years
Customer: Maharashtra State Electricity Distribution Company Limited (MSEDCL)
Project Model: Design, Build, Finance, Own & Operate (DBFOO)
Coal Linkage: Allocated under the Government of India’s SHAKTI Policy

Highlight:

The 25-year PSA provides long-term demand visibility for the proposed 1,600 MW thermal power project, strengthening Adani Power’s future contracted generation portfolio.

What Happened ?

Adani Power Limited informed the stock exchanges that it has executed a 25-year Power Supply Agreement with MSEDCL for the long-term supply of 1,600 MW of electricity.

The power will be generated from a proposed 2×800 MW ultra-supercritical thermal power plant, which will be established under the DBFOO model. The company also confirmed that coal linkage for the project has already been allocated under the Government of India’s SHAKTI Policy.

The announcement follows the company’s earlier disclosure dated 15 March 2026 regarding the project.

key details

Contract Overview:

Signed a 25-year Power Supply Agreement (PSA) with MSEDCL.
Agreement covers 1,600 MW of long-term thermal power supply.
Supply will originate from a new 2×800 MW ultra-supercritical thermal power plant.

Project Development:

The project will be executed under the Design, Build, Finance, Own & Operate (DBFOO) model.
Ultra-supercritical technology is intended to improve operational efficiency compared with conventional thermal plants.

Fuel Security:

Coal linkage has already been allocated under the SHAKTI Policy of the Government of India.
Secured fuel linkage reduces a key project execution risk associated with long-term thermal generation.

Business Impact:

Strengthens Adani Power’s portfolio of long-term contracted power supply agreements.
Improves long-term revenue visibility once the project becomes operational.
Supports Maharashtra’s future electricity demand through additional base-load generation capacity.

Risk Analysis

Summary:

While the agreement provides long-term contractual visibility, execution remains dependent on successful development and commissioning of the proposed power plant.

Key Risks:

Timely construction and commissioning of the 2×800 MW project.
Regulatory approvals and statutory clearances during project development.
Capital expenditure execution and project timelines.
Operational performance after commissioning.

Worst Case:

Any significant delay in project execution or commissioning could postpone commercial power supply under the agreement and defer expected revenue generation.

Risk Level: Medium

Company Commentary

Adani Power has signed a 25-year Power Supply Agreement with MSEDCL.
The agreement covers the long-term supply of 1,600 MW of thermal power.
Electricity will be supplied from a proposed 2×800 MW ultra-supercritical thermal power plant developed under the DBFOO model.
Coal linkage for the project has been allocated under the Government of India’s SHAKTI Policy.

Official Exchange Filing: Adani Power Limited

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