Adani Green Energy Unit Awarded 1,250 MW Hydro Storage Project in Uttar Pradesh

Adani Green Energy Limited (AGEL), a prominent Indian renewable energy company headquartered in Ahmedabad, is majority-owned by the Adani Group, with a minority stake held by TotalEnergies. The company operates the Kamuthi Solar Power Project, one of the world’s largest solar photovoltaic plants.

LOA by Uttar Pradesh

On February 25, 2025, AGEL announced that it had been awarded a Letter of Award (LOA) by Uttar Pradesh Power Corporation Limited (UPPCL) for an expansive 1,250 MW energy storage capacity through pumped hydro storage projects (PSP).

The Panaura PSP, a strategically significant development, will be located in Sonbhadra district, Uttar Pradesh. Designed for long-term sustainability, it comes with a minimum operational commitment of 40 years and is expected to be commissioned within the next six years.

Adani Green Energy 2030 Plan

Looking ahead, Adani Green Energy has ambitious plans to establish over 5 GW of hydro PSP capacity by 2030. The company has already commenced construction on several key projects, including:

• 500 MW hydro PSP at Chitravathi River, Andhra Pradesh

• 1,500 MW hydro PSP at Tarali, Maharashtra

• 1,800 MW hydro PSP at Gandikota, Andhra Pradesh

Pumped hydro storage is one of the most cost-efficient, technologically mature, and scalable energy solutions. By leveraging solar-generated electricity during daylight hours to pump water, these projects ensure reliable power supply during peak demand at night, reinforcing sustainable energy infrastructure.

Adani Green Energy Q3 FY25 Results

In Q3 FY25, AGEL reported a consolidated net profit of ₹474 crore, reflecting an 85% surge from ₹256 crore in the corresponding period last year. Revenue from power supply climbed 13% year-on-year to ₹1,993 crore, bolstered by the company’s continued expansion.

Operational capacity soared 37% year-on-year to 11,609 MW, while energy sales surged 23% to 20,108 million units, reinforcing AGEL’s position as a dominant force in India’s renewable energy sector.

Share Price Performance 

At 11:54 AM on February 27, 2025, Adani Green Energy Ltd. shares traded a 0.15% up at ₹841.90 per share on the NSE.

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