Madhya Pradesh has taken a significant step towards ensuring full electricity supply by signing power supply agreements for 4,000 megawatts of new thermal power generation capacity. These agreements, exchanged in the presence of Chief Minister Mohan Yadav, involve major players like Adani Power Limited, Torrent Power Limited, and Hindustan Thermal Projects Limited with the Madhya Pradesh Power Management Company Limited. The allocation includes 1,600 MW to Torrent Power Limited, 800 MW to Adani Power Limited, and 800 MW to Hindustan Thermal Projects Limited, with an additional 800 MW available under the greenshoe option, totaling 4,000 MW with an estimated investment of around Rs 60,000 crore.
The Madhya Pradesh Power Management Company had invited tariff-based competitive bids for procuring 3,200 MW from new plants within the state, with an additional 800 MW under the greenshoe option. The successful bidders have formed special-purpose vehicles to execute the projects, which will follow the design, build, finance, own, and operate model and are planned to be set up in the Anuppur district. These new power plants are expected to commence supplying power from 2030, significantly enhancing the state’s power availability. Chief Minister Mohan Yadav highlighted the crucial role of electricity in the state’s progress, emphasizing its importance for industrial growth, development, and daily activities, and stated that these agreements will ensure 100% supply to meet the state’s electricity demand.
The agreements are projected to create direct and indirect employment for around 8,000 individuals, contributing to both rural and urban livelihoods in the region.
