Ahmedabad / Chennai24 February2026: India’s largest private power generating company Adani Powerwhich has a total generation capacity of 18.15 GW, today informed that its subsidiary Moxie Power Generation Limited (MPGL) has received a Letter of Award (LOA) from Tamil Nadu Power Distribution Corporation Limited (TNPDCL) for supply of 558 MW (net) power for a period of five years. Moxie Power operates a 1,200 MW (2×600 MW) power plant in Tuticorin, Tamil Nadu. The company won the contract as the lowest bidder by offering a rate of Rs 5.910 per unit in a highly competitive bidding process. Power supply will start from April 1, 2026.
Power supply agreements have now been signed for both units of the plant, and more than 95% of Adani Power’s total operating capacity is secured under medium to long-term contracts. This gives the company a clear forecast of long-term earnings and also reduces the risk of short-term market fluctuations. The company aims to ensure almost 100% PPA for all its operational and under construction plants in the coming years.
This power supply agreement will be beneficial for the consumers of Tamil Nadu as it will provide additional 558 MW of reliable and quality power. This will strengthen the stability of the grid and help in uninterrupted power supply to homes, businesses and industries. It is hoped that ensuring electricity at competitive rates will provide consumers with more affordable and reliable energy in the years to come.
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