Adani Group : Adani Group has won the bid to supply 6,600 MW of renewable energy and thermal power to Maharashtra for the long term. The company bid Rs 4.08 per unit for this and beat JSW Energy and Torrent Power. Sources gave this information. Two sources familiar with the matter said that Adani Group's bid for supplying both renewable and thermal power for 25 years is Rs 1 per unit lower than the rate at which Maharashtra is currently purchasing electricity.

When will the electricity supply resume?

This will help the state to meet its future power needs. The power supply is to start in 48 months from the date of issuance of the Letter of Intent (LOI). As per the bidding conditions, Adani Power will supply solar power at the rate of Rs 2.70 per unit during the entire supply period. The price of power produced from coal will be indexed based on coal prices.

The Maharashtra State Electricity Distribution Company (MSEDCL) had issued a specific tender in March for the purchase of 5,000 MW of solar power and 1,600 MW of coal-generated power. It was issued just before the model code of conduct for the Lok Sabha elections came into force and was awarded to Adani ahead of the announcement of assembly elections in the state. The tender includes the supply of both solar power and thermal power to meet peak power demand.

Bid 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. The Maharashtra Electricity Regulatory Commission (MERC) has fixed the average power purchase price at Rs 4.97 per unit for 2024-25.

Four companies

Thus, the bid made by Adani is almost one rupee per unit less than this. In total, four companies participated in the tender for power supply for 25 years. Adani Power, the country's largest private-sector thermal power producer, 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 country's largest renewable energy company with a production capacity of 11 gigawatts. The target is to increase it to 50 gigawatts by 2030.