Ahmedabad/Chennai, February 24, 2026: Adani Power Limited (BSE: 533096 | NSE: ADANIPOWER) on Tuesday announced that its subsidiary, Moxie Power Generation Ltd. (MPGL), has received a Letter of Award for a 558 MW (net) power purchase agreement from Tamil Nadu Power Distribution Corporation Limited for a period of five years.
The contract was secured through a competitive bidding process, with MPGL emerging as the lowest bidder by quoting a tariff of Rs 5.910 per unit. Power supply under the agreement is scheduled to commence from April 1, 2026.
Key Contract Details
| Particulars | Details |
|---|---|
| Awarding Authority | Tamil Nadu Power Distribution Corporation Limited |
| Capacity Awarded | 558 MW (net) |
| Contract Tenure | 5 Years |
| Tariff Quoted | Rs 5.910 per unit |
| Supply Start Date | April 1, 2026 |
| Plant Location | Tuticorin, Tamil Nadu |
| Plant Capacity | 1,200 MW (2x600 MW) |
Portfolio Impact and Revenue Visibility
Adani Power stated that following this agreement, more than 95 percent of its total operating capacity is secured under medium- to long-term contracts. This significantly enhances revenue visibility and reduces exposure to short-term market volatility.The company has indicated its objective to achieve near 100 percent PPA tie-up across all operational and under-commissioning plants in the coming years, reinforcing its strategy of locking in long-duration contracts to stabilize cash flows.
Strategic Significance for Tamil Nadu
The 558 MW supply is expected to enhance grid stability and support uninterrupted electricity supply to households, commercial establishments, and industrial consumers in Tamil Nadu. By securing power at a competitive tariff, the agreement is positioned to deliver dependable and cost-effective energy over the contract period.Company Profile
Adani Power Limited is India’s largest private thermal power producer with a generation capacity of 18.15 GW. The company operates twelve thermal power plants across Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand, and Tamil Nadu, in addition to a 40 MW solar power plant in Gujarat.The company continues to focus on technology integration and operational efficiency to strengthen its position in India’s power generation landscape.
Earlier in the day, the company formally informed the stock exchanges regarding the press release on the development.
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