Ahmedabad, February 24 (IANS). Adani Power, the country’s largest private power producer, said on Tuesday that its subsidiary Moxy Power Generation Limited (MPGL) has received a Letter of Award (LOA) from Tamil Nadu Power Distribution Corporation (TNPDCL) for the supply of 558 MW (net) power for a period of five years.
This power supply agreement will provide additional 558 MW of reliable and high quality power to the consumers of Tamil Nadu. This will increase the stability of the grid and households, small businesses and industries will be able to get uninterrupted electricity.
Moxi Power operates a 1,200 MW (2×600 MW) capacity power plant in Tuticorin, Tamil Nadu.
The company won this contract by making the lowest bid of Rs 5.910 per unit in a highly competitive bidding. Power supply will start from 1 April 2026. Adani Power is India’s largest private power generating company with a generation capacity of 18.15 GW.
Both units of the plant now have power supply agreements (PPAs), and more than 95 per cent of Adani Power’s total operating capacity is secured under medium and long-term contracts.
“This provides long-term revenue clarity and also relieves the company from the risk of short-term market fluctuations. In the coming years, the company aims to ensure almost 100 per cent PPA for all its operational and under-construction plants,” a company statement said.
By ensuring electricity at competitive rates, consumers are expected to benefit from affordable and reliable energy in the times to come.
Adani Power has an installed thermal power capacity of 18,110 MW, spread across 12 power plants located in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand and Tamil Nadu. Apart from this, there is also a 40 MW solar power plant in Gujarat.
Adani Power has reported a 5.3 per cent growth in its sustained profit before tax (PBT) in the third quarter of FY 2025-26. The company’s PBT in this quarter stood at Rs 2,800 crore, whereas it was Rs 2,659 crore in the same period of the last financial year. This increase is mainly due to lower financing costs and stable operating performance.
–IANS
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