Maharashtra State Electricity Distribution Company (MSEDCL) has issued a letter of intent (LoI) to Adani Power (APL) for the supply of five GW (5000 MW) solar power to Maharashtra state. Adani Group had won the bid to supply 6,600 MW of electricity, through a competitive bidding process initiated by MSEDCL for procurement of combined 1,600 MW thermal and 5,000 MW solar power.

Adani Green Energy (AGEL) will sign a long-term power purchase agreement (PPA) with MSEDCL under the LoI for supply of solar power from the world’s largest renewable energy park being developed at Khavda in Kutch district of Gujarat. APL will sign a long-term PSA with MSEDCL for supply of 1,496 MW thermal power to Maharashtra state from a new 1,600 MW Ultra-supercritical thermal power project. 

As per terms of the tender, APL can bid for thermal power capacity along with solar power capacity through a group company. Accordingly, APL also bid for 5,000 MW solar capacity on behalf of AGEL, thereby leveraging the two entities’ respective strengths in the thermal and solar power sectors.