Adani Green Energy Secures LOA for 500 MW Pumped Hydro Storage Capacity from Assam Power Distribution

Adani Green Energy Limited’s subsidiary has been awarded a significant Letter of Award (LOA) from Assam Power Distribution Company Limited for the procurement of 500 MW of energy storage capacity sourced from a pumped hydro storage plant. This long-term agreement highlights the rising importance of sustainable energy storage solutions in India’s green energy transition.

The LOA specifies an annual fixed cost payable under the agreement at Rs 10.3 million per MW, reflecting the financial commitments and investment scale involved in establishing reliable and scalable energy storage infrastructure. Pumped hydro storage projects are considered among the most cost-effective and mature storage technologies, facilitating grid stability by storing excess renewable energy and supplying power during peak demand periods.

Adani Green Energy is actively developing pumped hydro storage projects across multiple states, aiming to add over 5 GW of capacity by 2030. These efforts align with India’s clean energy goals and support the integration of renewables like solar and wind into the national grid. The Assam LOA marks an important milestone in scaling up energy storage capability in northeastern India.

Key Highlights:

Adani Green Energy’s unit receives LOA for 500 MW pumped hydro energy storage from Assam Power Distribution Company.

Annual fixed cost under LOA set at Rs 10.3 million per MW.

Pumped hydro storage technology offers critical grid stability and renewable energy integration benefits.

Aims to add 5 GW pumped storage capacity across India by 2030.

Positions Adani Green Energy as a leader in utility-scale clean energy storage solutions.

Supports sustainable energy goals and power reliability in the northeastern region.

Sources: NSE India, TradingView, Adani Green Energy presentation, India RE Navigator