- Subsidiary Moxie Power wins competitive bid, securing five-year power supply agreement with Tamil Nadu utility
- Strategic Loa strengthens long-term revenue visibility and locks in over 95% of Adani Power’s operational capacity under PPAs
- Reliable, competitively priced electricity to energise homes, industries, and economic growth across Tamil Nadu
NE BUSINESS BUREAU
AHMEDABAD/ CHENNAI, FEB 26
In a decisive boost to its long-term growth and energy leadership, Adani Power, India’s largest private power producer with an installed capacity of 18.15 GW, has secured a major power supply contract through its subsidiary, Moxie Power Generation Ltd. (MPGL), which has received a Letter of Award (LoA) from Tamil Nadu Power Distribution Corporation Limited (TNPDCL) for supplying 558 MW (net) of electricity over five years.
Moxie Power operates a 1,200 MW (2×600 MW) thermal power plant at Tuticorin, and emerged as the lowest bidder in a highly competitive tender by offering a tariff of Rs 5.910 per unit. Power supply under the agreement is scheduled to commence from April 1, 2026.
With this milestone, both generating units at the Tuticorin facility are now fully tied up under power supply agreements, reinforcing Adani Power’s strategic push to secure predictable revenue streams and minimise exposure to short-term market volatility. The company noted that more than 95% of its operating capacity is now backed by medium- to long-term PPAs, providing strong earnings visibility and financial stability.
The development marks a significant step toward Adani Power’s goal of achieving near-total PPA coverage for all operational and upcoming plants in the coming years, strengthening its position as a reliable pillar of India’s power infrastructure.
Beyond corporate gains, the agreement is expected to deliver tangible benefits for Tamil Nadu’s energy ecosystem. The additional 558 MW of dependable and competitively priced electricity will enhance grid stability, ensure uninterrupted supply, and support growing demand from households, businesses, and industries.
By securing power at an attractive tariff, the agreement is also poised to provide consumers with more affordable, reliable, and sustainable electricity—powering economic expansion and energy security across one of India’s most industrialised states.
