Adani to Invest Over $7 Billion on Power Projects in India's Assam

By Kimberley Kao

Adani Group plans to invest over $7 billion in two major energy projects in India's northeastern Assam state, the largest private investment in the region, it said Friday.

The Indian conglomerate said that its thermal power producer unit, Adani Power, will spend about 480 billion rupees, the equivalent to $5.40 billion, to build a power plant in Assam. The thermal project is expected to sustain around 3,500 jobs during the operations phase, and will be commissioned in a phased manner from December 2030, the company said.

Additionally, its renewable energy unit, Adani Green Energy, will invest about 150 billion rupees, the equivalent to $1.69 billion, to set up two pumped storage plants in the state, with a combined capacity of 2,700 megawatts.

The projects represent "firm steps toward energy security, industrial development and job creation" for India, said Gautam Adani, chairman of the Adani Group.

India is one of the world's largest coal producers and consumers, but has in recent years continued to push into the renewable energy sector. It still generates much of its electricity from coal to sustain industries like steel and cement.

Separately, Karan Adani, managing director for Adani Ports and Special Economic Zone, said Friday that the company will invest 1 trillion rupees in southern Andhra Pradesh state over the next decade across sectors, including its previously announced partnership with Google to build a India's largest AI data centre campus.

Write to Kimberley Kao at kimberley.kao@wsj.com

(END) Dow Jones Newswires

November 14, 2025 02:38 ET (07:38 GMT)