Adani Green Energy Secures 500 MW Pumped Hydro Storage Project in Assam Published By Anupam Nath Adani Green Energy has made headlines by securing a 500 MW pumped hydro storage project in Assam, marking a significant milestone in India’s renewable energy journey. The project, awarded to Adani Green Energy’s wholly owned subsidiary Adani Saur Urja (KA) Ltd, was granted through a competitive bidding process by the Assam Power Distribution Company Ltd. This achievement not only boosts Adani Green Energy’s renewable portfolio but also sets a precedent for large-scale private investments in India’s northeastern region.The 500 MW pumped hydro storage project is set to operate under a 40-year contract, with an annual fixed tariff of ₹1.03 crore per MW from the commercial operation date. This long-term arrangement ensures stable revenue for Adani Green Energy and strengthens its position as a leading player in India’s clean energy sector. The project is expected to play a crucial role in enhancing energy security, supporting the integration of renewable energy, and driving regional economic growth in Assam.Adani Group’s commitment to Assam extends beyond this project. The conglomerate has announced a total investment of ₹63,000 crore in the state, with ₹48,000 crore allocated for a 3,200 MW ultra-supercritical thermal power plant by Adani Power. The remaining ₹15,000 crore will be invested in two pumped storage projects, including the 500 MW awarded capacity. This massive investment is set to create around 30,000 jobs during the construction phase, making it the largest-ever private sector investment in Northeast India.Adani Green Energy is one of India’s largest renewable energy companies, focusing on solar, wind, hybrid, and energy storage projects. The company’s portfolio is rapidly expanding across multiple states, supporting India’s transition to sustainable power. In the second quarter of FY26, Adani Green Energy reported stable sales of ₹3,008 crore, with EBITDA growing 17% year-on-year to ₹2,603 crore. Net profit surged 25% to ₹644 crore, and earnings per share doubled to ₹3.54. The company’s return on capital employed (ROCE) stands at 8.7%, and return on equity (ROE) at 14.6%, reflecting strong profitability and operational efficiency.The pumped hydro storage project is a game-changer for Assam’s energy landscape. Pumped hydro storage is a proven technology for storing excess electricity generated from renewable sources, ensuring a reliable power supply even during peak demand or low generation periods. By investing in this technology, Adani Green Energy is addressing one of the biggest challenges in renewable energy—intermittency.This project is not just about energy; it’s about transforming Assam’s economy. The investment will create thousands of jobs, boost local infrastructure, and attract further industrial development. It also aligns with India’s broader goals of achieving energy independence and reducing carbon emissions.Adani Green Energy’s success in Assam highlights the growing importance of private sector participation in India’s energy transition. As the country aims to achieve 500 GW of renewable energy capacity by 2030, projects like this will be critical in meeting the target. The Assam project sets a benchmark for future investments and demonstrates the potential of public-private partnerships in driving sustainable development.
