India’s Adani Group said on 14 November it will invest about 630 billion rupees ($7.17 billion) in two major energy projects in the north-eastern state of Assam, including what will be the region’s largest privately built coal-fired power plant.
adani Power (ADAN.NS) had emerged as the lowest bidder for a 3.2 gigawatt (GW) coal power supply tender floated by the state.
adani said that its coal power plant operating unit will spend about 480 billion rupees ($5.46 billion) to build the facility.
the plant is expected to start commissioning in phases from December 2030, the company said.
the investment marks the acceleration of private investment in India’s greenfield coal-based power projects after more than a decade of lull.
in August, Adani Power announced investments of about $5 billion in two coalpowered plants.
the company aims to expand capacity to 42 GW from 18 GW by fiscal 2032 at an investment of 2 trillion rupees.