Adani bets big on thermal as power demand surges

AIMS TO ADD 24 GW CAPACITY — 30% OF INDIA’S TOTAL TARGET — BY FY32

- RAGHAVENDRA KAMATH

ADANI POWER IS seeing the future in thermal energy like no other private peers. The company is looking to add nearly 24 GWofthermal capacity by FY32 — 30% of what the country is looking to add by then.

The company said it had earmarked %2 lakh crore for the capacity expansion — “the largest private sector capex in the space”. It targets having a thermal capacity of 41.87 GW by FY32 from 18.15 GW now.

Only state-owned NTPC is ahead of Adani in thermal capacity addition target, with a plan to add 30 GW by FY32.