Adani Power receives Letter of Award from UPCL for 1,234 MW thermal power supply
Adani Power receives a Letter of Award from Uttarakhand Power Corporation Ltd for 1,234 MW ex-bus net supply (1,320 MW installed capacity) of thermal power, under a 25-year Power Supply Agreement.
By ScoutQuest · · 2 min read
- Contracted supply
- 1,234 MW ex-bus net supply
- Installed capacity
- 1,320 MW installed capacity
- Agreement duration
- 25-year Power Supply Agreement
What was announced
Adani Power Limited has received a Letter of Award (LoA) from Uttarakhand Power Corporation Limited (UPCL), upon the Company being declared the successful bidder in terms of the tender invited and issued by UPCL.
- The award is for 1,234 MW ex-bus net supply, from 1,320 MW of installed capacity, of thermal power.
- The supply is under a long-term Power Supply Agreement (PSA).
- UPCL is a domestic entity.
- The LoA was received by the Company at 05:09 PM on October 13, 2026.
Duration of the contract
The power supply under the PSA will be for a period of 25 years.
Size of the award as stated
The broad consideration or size of the contract, as set out in the update, is the ex-bus net supply of 1,234 MW (1,320 MW installed capacity) of thermal power.
Condition attached to the LoA
The LoA is subject to the Hon'ble Uttarakhand Electricity Regulatory Commission's approval for the adoption of tariff under Section 63 of the Electricity Act, 2003.
Other disclosures in the annexure
- The promoter, promoter group or group companies have no interest in UPCL.
- The award would not fall within related party transactions.
- The significant terms and conditions are as per the provisions of the tender floated by UPCL and subject to the conditions stated in the LoA.
How a reader can look at this
- A Letter of Award is an intimation that the company has been declared the successful bidder; the terms flow from the tender floated by UPCL and the conditions stated in the LoA.
- The contract is described as long-term, with the supply period stated as 25 years.
- Adoption of the tariff by the Uttarakhand Electricity Regulatory Commission is stated as a condition to the LoA.
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More numbers
- Ex-bus net supply under the Letter of Award1,234 MW
- Installed capacity1,320 MW
- Power supply period under the PSA25 years
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