Adani Power Subsidiary Wins 558 MW PPA Deal from Tamil Nadu
Adani Power's subsidiary, Moxie Power Generation Ltd., secured a 558 MW PPA from Tamil Nadu Power Distribution Corporation for five years starting April 1, 2026. The tariff is ₹5.910 per unit. This deal brings over 95% of Adani Power's capacity under long-term contracts, enhancing revenue visibility.
Securing a 558 MW PPA with a five-year term is a substantial business win that directly impacts the company's revenue streams and market position.
The announcement details a significant new power purchase agreement (PPA) award, which is a positive development for the company's revenue visibility and operational stability.
Adani Power Limited announced that its subsidiary, Moxie Power Generation Ltd. (MPGL), has received a Letter of Award (LoA) from Tamil Nadu Power Distribution Corporation Limited (TNPDCL) for the supply of 558 MW of power for a duration of five years. The power plant, located in Tuticorin, Tamil Nadu, will commence supply on April 1, 2026, with a competitive tariff of ₹5.910 per unit. This agreement secures power supply for both units of the plant, bringing over 95% of Adani Power's total operational capacity under medium to long-term contracts. This strategic move is expected to provide long-term revenue visibility and mitigate risks associated with short-term market volatility. Adani Power aims to achieve nearly 100% Power Purchase Agreement (PPA) tie-ups for its operational and under-construction plants in the future. The agreement is anticipated to benefit Tamil Nadu consumers by ensuring an additional 558 MW of reliable power, thereby enhancing grid stability and supporting uninterrupted electricity supply across the state.
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Adani Power Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Adani Power Limited. Read the original for the full detail.