India’s Adani Power’s subsidiary, Moxie Power Generation (MPGL), has received a letter of award (LoA) from Tamil Nadu Power Distribution Corporation (TNPDCL) to provide 558MW of power for five years, commencing on 1 April 2026.
This agreement was awarded after Moxie Power emerged as the lowest bidder in a competitive process, offering a tariff of Rs5.91 per unit.
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Moxie Power runs a 1.2GW power plant consisting of two 600MW units in Tuticorin, Tamil Nadu, India. The new agreement will secure power supply contracts for both units at this facility.
More than 95% of Adani Power’s total operating capacity is currently secured with medium to long-term agreements, reducing the company’s exposure to short-term market fluctuations and providing long-term revenue stability.
Adani Power aims to secure power purchase agreements for nearly all its operational and under-construction facilities over the next few years.
The agreement is set to benefit consumers in Tamil Nadu by adding 558MW of dependable power, enhancing grid reliability and ensuring continuous electricity supply to homes, businesses and industries.
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By GlobalDataThe competitive tariff is expected to provide consumers with more affordable and reliable energy.
Adani Power is said to be the largest private electricity producer in India, with a generation capacity of 18.15GW.
In September 2025, Adani Power entered into a 25-year power supply agreement with the Bihar State Power Generation Company to deliver 2.4GW of electricity.
This power will be generated from a new ‘ultra super critical’ plant that is set to be constructed in Pirpainti, Bihar.
