Adani Group has won the bid to supply 6600 MW of renewable energy and thermal power to Maharashtra for the long term. The company bid Rs 4.08 per unit for this and left behind JSW Energy and Torrent Power. According to media reports, Adani Group’s bid for the supply of both renewable and thermal energy for 25 years is one rupee per unit less than the rate of electricity currently being purchased by Maharashtra. This will help the state to meet future power needs. Supply of electricity is to start in 48 months. Supply of electricity is to start in 48 months from the date of issuance of Letter of Intent (LoI). As per the bid conditions, Adani Power will supply solar power at the rate of Rs 2.70 per unit during the entire supply period. At the same time, the price of coal-based electricity will be fixed (indexed) on the basis of coal prices. Maharashtra State Electricity Distribution Company Limited (MSEDCL) had issued a unique tender in March for the purchase of 5000 MW electricity generated from sunlight and 1600 MW electricity generated from coal. It was issued just before the model code of conduct for the Lok Sabha elections came into force and was awarded to the Adani Group before the announcement of assembly elections in the state. This tender includes the supply of both solar power and thermal electricity to meet the power demand during peak hours. Adani Power bid Rs 4.08 per unit According to sources, Adani Power bid Rs 4.08 per unit to win the contract. The second lowest bid was Rs 4.36 per unit by JSW Energy. This is less than the average power purchase price of Rs 4.70 per unit in Maharashtra last year. Average price of power purchase for 2024-25 is Rs 4.97 per unit Maharashtra Electricity Regulatory Commission (MERC) has fixed the average price of power purchase for 2024-25 at Rs 4.97 per unit. Thus, the bid placed by Adani is about one rupee per unit less than this. In total, four companies participated in the tender for power supply for 25 years. Adani Power, the largest thermal power producer in the private sector of the country, has a production capacity of more than 17 gigawatts, which will increase to 31 gigawatts by 2030. Its subsidiary Adani Green Energy Limited is the largest renewable energy company in the country with a production capacity of 11 gigawatts. The target is to increase it to 50 gigawatts by 2030.
