India’s Adani Group announced on Friday plans to invest approximately 630 billion rupees ($7.17 billion) in two major energy projects in the northeastern state of Assam, signaling a significant expansion of private investment in India’s power sector.

The investment includes the construction of the largest privately built coal-fired power plant in Assam, part of the group’s ongoing efforts to boost electricity generation capacity in India.

Details of the Coal Power Project

Adani Power, the group’s thermal power unit, will allocate roughly 480 billion rupees ($5.46 billion) to build the coal-fired facility. The plant, with a total capacity of 3.2 gigawatts (GW), will begin commissioning in phases from December 2030, according to the company.

This project comes after Adani Power emerged as the lowest bidder for a state tender for coal-based power supply, underscoring the company’s strategic expansion in the region. The investment also represents a resurgence of private funding in greenfield coal power projects in India after a decade-long lull.

Expansion Plans for Renewable Energy

In addition to the coal project, Adani Green Energy, the group’s clean energy arm, plans to invest 150 billion rupees in two pumped storage projects in Assam, with a combined capacity of 2,700 megawatts (MW). This includes 500 MW of energy storage awarded through a recent tender.

Adani Green currently has a renewable energy portfolio of 16.7 GW and aims to achieve 50 GW by 2030, reinforcing the group’s commitment to balancing coal-based and clean energy solutions.

Strategic Implications for India’s Energy Sector

India remains the world’s second-largest coal producer and consumer, with approximately three-quarters of electricity generated from coal annually. Unlike China, which is gradually reducing coal dependency, India continues to rely heavily on the fuel to meet growing energy demand.

The Adani Group’s investments mark a major boost for the north-eastern region’s infrastructure and energy security, complementing previous commitments of 500 billion rupees pledged by Chairman Gautam Adani earlier this year.

Furthermore, the group announced plans to invest 1 trillion rupees in Andhra Pradesh over the next decade across multiple sectors, demonstrating its long-term strategic focus on energy and infrastructure development in India.

Market and Economic Outlook

These projects are expected to create substantial employment opportunities, enhance regional electricity supply, and strengthen India’s position as a global energy player. The blend of coal-based and renewable projects aligns with India’s broader energy strategy, which balances economic growth with gradual adoption of clean energy solutions.