Two major Indian companies, Adani Power and Torrent Power, have secured contracts to establish coal-based power plants with a combined capacity of 2,400 megawatts (MW) in Madhya Pradesh, according to their respective announcements.

The logo of the Adani Group is seen on the facade of its Corporate House on the outskirts of Ahmedabad, India, November 21, 2024.

Torrent Power has been awarded a contract by MP Power Management Company to deliver 1,600 MW of electricity from a newly constructed coal-based facility. The project involves an investment of 220 billion rupees ($2.51 billion). A company statement noted: "This initiative marks a significant step in enhancing the state's energy infrastructure."

Adani Power will contribute 800 MW through a new thermal power plant in Madhya Pradesh, with an investment of 105 billion rupees ($1.20 billion). This project is the company’s fourth major power supply contract within the past year. A spokesperson for Adani Power stated: "We are committed to supporting reliable energy supply in the region."

These developments align with India’s goal to expand its coal-based power capacity by 80 gigawatts (GW), reaching over 290 GW by 2032. This expansion, representing an increase of more than one-third, aims to ensure a consistent and dependable electricity supply across the country.

The projects are expected to bolster Madhya Pradesh’s energy infrastructure, contributing to the region’s economic growth and energy security. Both companies emphasized their dedication to meeting the state’s power demands efficiently.