Adani Power Raises Capacity Target to 41.87 GW by FY32 with ₹2 Lakh Crore Capex Plan – EQ
In Short : Adani Power has revised its generation capacity target to 41.87 GW by FY32, committing an estimated capital expenditure of ₹2 lakh crore. The expansion plan focuses on meeting rising power demand, strengthening base-load capacity, supporting industrial growth, and enhancing India’s long-term energy security through large-scale power infrastructure development.
In Detail : Adani Power has announced a significant upward revision of its capacity expansion plans, targeting a total installed generation capacity of 41.87 GW by FY32. The move reflects the company’s response to India’s rapidly growing electricity demand.
To achieve this target, the company has committed an estimated capital expenditure of ₹2 lakh crore. This investment underscores the scale of infrastructure development required to support economic growth and rising consumption across sectors.
The expansion plan is expected to focus largely on thermal power projects, which continue to play a critical role in providing reliable base-load electricity. Such capacity is considered essential for grid stability, especially as renewable energy penetration increases.
India’s power demand has been witnessing sustained growth driven by industrial expansion, urbanization, electrification, and digital infrastructure. Large generation additions are seen as necessary to avoid future supply constraints.
Adani Power’s revised target also signals growing confidence in long-term demand visibility. Power producers are increasingly aligning capacity planning with India’s economic growth trajectory and manufacturing-led development.
The proposed investments are likely to generate significant employment during construction and operation phases. They are also expected to stimulate demand across allied industries such as engineering, equipment manufacturing, and logistics.
From a policy perspective, adequate base-load capacity complements renewable energy growth by ensuring round-the-clock power availability. Thermal power continues to support grid balancing and peak demand management.
The scale of planned capex highlights the capital-intensive nature of the power sector. Efficient project execution, fuel availability, and regulatory clarity will be critical to achieving the stated targets within timelines.
Overall, Adani Power’s plan to scale capacity to 41.87 GW by FY32 represents a major development in India’s power sector. If executed as planned, it will strengthen energy security, support economic growth, and enhance the country’s power infrastructure resilience.
