In a major boost to Tamil Nadu’s power sector, Adani Power’s subsidiary Moxi Power Generation Limited has clinched a five-year contract to supply 558 MW of reliable, high-quality electricity to the state’s consumers. The Letter of Award from Tamil Nadu Power Distribution Corporation Limited (TNPDCL) underscores Adani’s competitive edge in India’s energy market.
This agreement promises to deliver uninterrupted power to households, businesses, and industries across Tamil Nadu, enhancing grid stability amid growing demand. Moxi operates a 1,200 MW plant in Tuticorin, featuring two 600 MW units, which now both have long-term Power Purchase Agreements (PPAs) in place.
Adani Power emerged victorious in a fiercely contested bidding process, quoting the lowest rate of Rs 5.910 per unit. Supplies will commence from April 1, 2026, ensuring affordable energy for consumers. As India’s largest private power producer with 18.15 GW capacity, Adani has secured over 95% of its operational capacity under medium- and long-term contracts.
“This deal provides revenue visibility and shields us from short-term market volatility,” a company statement noted. Adani aims to lock in nearly 100% PPAs for all its operational and under-construction plants in the coming years. The firm’s thermal assets span 18,110 MW across eight states, complemented by a 40 MW solar plant in Gujarat.
Financially robust, Adani Power reported a 5.3% rise in pre-tax profit to Rs 2,800 crore in Q3 FY25, driven by lower finance costs and steady operations. This strategic win not only fortifies Tamil Nadu’s energy security but also positions Adani for sustained growth in a competitive landscape.