Adani Power Limited said its subsidiary Moxie Power Generation Limited (MPGL) has received a Letter of Award from Tamil Nadu Power Distribution Corporation Limited (TNPDCL) to supply 558 megawatt (MW) of power net for a period of five years, with supply to commence on one April 2026. MPGL emerged as the lowest bidder in a competitive procurement process by offering a tariff of Rs five point nine one zero per unit. The award forms part of efforts to secure dependable capacity for the state.

Moxie Power operates a 1,200 MW plant configured as two units of 600 MW each at Tuticorin in Tamil Nadu and both units now have power purchase agreements. Adani Power Limited is India’s largest private thermal power producer with an installed thermal generation capacity of 18.15 gigawatt (GW) spread across multiple states and a 40 MW solar installation in Gujarat. The company indicated that more than 95 per cent of its total operating capacity is secured with medium to long-term contracts.

This contracted capacity is expected to provide significant long-term revenue visibility and to derisk the company from short-term market volatility. The company aims to achieve almost 100 per cent PPA tie-up for all operational and under commissioning plants over the coming years.

The power supply agreement is expected to benefit consumers in Tamil Nadu by adding 558 MW of reliable and high quality power and by enhancing grid stability. It is anticipated to support uninterrupted electricity supply to households, businesses and industries and to offer more affordable and dependable energy through a competitive tariff.

Company executives noted the award aligns with broader strategic priorities to secure long-term offtake and to ensure predictable cash flows while supporting regional energy planning. The arrangement is consistent with ongoing efforts to harness technology and innovation to strengthen supply resilience. Stakeholder engagement and operational readiness were highlighted as key enablers in the transition to contracted sales.