Adani Power Secures 558 MW PPA, Moxie Power Wins Bid at ₹5.91/Unit

Adani Power Ltd has announced that it has received a Letter of Award (LOA) for a 558 MW Power Purchase Agreement (PPA), marking a significant addition to its contracted capacity. This development underscores Adani Power’s growing role in India’s energy landscape, particularly in long-term supply agreements.  

Simultaneously, Moxie Power has won a competitive bid with a tariff of ₹5.91 per unit, reflecting the ongoing competitive environment in India’s power sector. The tariff outcome highlights the balance between affordability and sustainability in energy procurement, as utilities and developers continue to navigate rising demand and regulatory frameworks.  

Key Highlights

• Adani Power Ltd: Received LOA for 558 MW PPA  
• Moxie Power: Secured bid at ₹5.91 per unit tariff

Market Impact:  

• Strengthens Adani’s contracted portfolio  
• Competitive tariff signals efficiency in bidding process  
• Potential boost to investor confidence in India’s power sector  

Sector Outlook: Growing demand for reliable supply and competitive pricing continues to shape bidding strategies  

These developments reinforce the momentum in India’s power sector, where established players like Adani Power and emerging competitors such as Moxie Power are driving growth through strategic bids and agreements.  

Sources: Business Standard, ETEnergyworld, BSE India