Adani Power on Tuesday said its subsidiary Moxie Power Generation Ltd has received a Letter of Award from Tamil Nadu Power Distribution Corporation Ltd for supply of 558 MW (net) of electricity for five years starting April 1.
Moxie Power operates a 1,200 MW (2×600 MW) thermal power plant in Thoothukudi, Tamil Nadu. The company emerged as the lowest bidder in a competitive tender by quoting a tariff of ₹5.91 per unit, the company stated in an official release. With this award, both units of the Thoothukudi plant are now tied up under power supply agreements. Adani Power said over 95 per cent of its total operational capacity of 18.15 GW is now secured under medium- to long-term contracts, improving revenue visibility and reducing exposure to short-term merchant market volatility.
The company has stated that it aims to achieve close to 100 per cent power purchase agreement (PPA) tie-ups for all operational and under-commissioning plants in the coming years. For Tamil Nadu, the additional 558 MW is expected to strengthen grid reliability and support power demand from households, industries and commercial establishments. The competitive tariff is likely to help the state utility manage procurement costs while ensuring steady supply. Adani Power has an installed thermal power capacity of 18,110 MW spread across twelve power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand and Tamil Nadu,
Published on February 24, 2026