Adani Green Energy Arm Signs PPA with UPPCL to Supply 1,250 MW Energy Storage from PSPs
Adani Green Energy’s subsidiary, Adani Hydro Energy Five, has signed a Power Purchase Agreement with Uttar Pradesh Power Corporation Ltd. (UPPCL) for 1,250 MW of pumped hydro energy storage capacity.
April 24, 2025. By Mrinmoy Dey
“The PPA was executed at 3.00 p.m. on April 23, 2025,” the company shared in a regulatory filing.
AGEL’s wholly-owned subsidiary Adani Saur Urja secured the capacity from UPPCL through the e-Reverse Auction in February 2025.
The project, located in Uttar Pradesh’s Sonbhadra district, carries a 40-year commitment and is expected to be completed within six years.
Emphasising the need for large-scale storage to support India’s clean energy ambitions, the company noted that such projects are vital for integrating renewable power into the grid and ensuring round-the-clock supply.
In an earlier filing the company stated that the Annual Fixed Cost under the Letter of Award (LOA) for its Panaura Pumped Storage Project (PSP) is set at INR 76.53 lakh/MW/Annum (excluding taxes) for a period of 40 years from the project’s commercial operation date.
Adani Green Energy has expanded its portfolio to include energy storage alongside its solar, wind, and hybrid assets. The company plans to add about 5 GW of hydro pumped storage capacity by 2030.
Construction is already underway on three major PSPs – a 500 MW project on the Chitravathi river in Andhra Pradesh, 1500 MW at Tarali in Maharashtra, and 1800 MW at Gandikota in Andhra Pradesh.
Positioned as a cost-effective, scalable, and proven technology, hydro PSPs store solar energy by using it to pump water during the day, then releasing it to generate electricity during peak evening demand. Besides being clean and domestically viable, PSPs are among the safest and most reliable energy storage options available.
AGEL develops, owns, and operates utility-scale grid-connected solar, wind, hybrid and hydro-pumped storage renewable power plants across 12 states. The company’s operational renewable energy capacity stands at about 14,290 MW.
Further, AGEL plans to expand its renewable energy portfolio to 50 GW by 2030 through a combination of solar, wind, hybrid, and pumped storage projects. It is also increasing its focus on commercial and industrial (C&I) and merchant segments. The expansion is supported by a USD 3.4 billion revolving construction facility.
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