Daijiworld Media Network – New Delhi
New Delhi, Sep 7: The Adani Group has unveiled plans to invest around $60 billion in India’s power sector by financial year 2032, with a sharp focus on renewable energy, power generation, and transmission and distribution.
In an investor presentation, Adani Power Ltd said the group will invest $21 billion by FY30 to scale up renewable capacity from 14.2 GW in FY25 to 50 GW. A further $22 billion will be invested by FY32 to expand generation capacity to 41.9 GW, up from 17.6 GW in FY25.
To strengthen infrastructure, Adani Energy Solutions Ltd will invest $17 billion to expand transmission and distribution capabilities. The company aims to build 30,000 km of transmission lines by FY30, compared to 19,200 km as of March 31, to support India’s rising energy demand.
Adani Power is the country’s largest private thermal power producer, with projects spread across Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand, Tamil Nadu, and a 40 MW solar unit in Gujarat.
India, one of the fastest-growing electricity markets in the world, is expected to see installed capacity grow at a CAGR of 11% to touch 1,000 GW by FY32, up from 475 GW in FY25. This presents investment opportunities worth over $500 billion.
Currently, India ranks fourth globally in renewable energy with 172 GW of installed capacity. The sector offers more than $300 billion worth of investment opportunities by FY32, when capacity is projected to reach 571 GW.
On the conventional side, thermal power capacity is expected to rise from 247 GW in FY25 to 309 GW in FY32, requiring an additional 80 GW of coal-based generation. The segment itself provides opportunities worth $91 billion.
“Coal remains the backbone of India’s baseload power, delivering stable, large-scale supply amid rising demand and renewable variability. It is critical for meeting growing peak demand,” Adani Power said in its presentation.
India’s transmission network, among the largest synchronised grids globally, also provides an estimated $110 billion investment opportunity as the country aims to expand its network from 4,94,000 km in FY25 to 6,48,000 km by FY32.