Adani Power Signs 25-Year Power Supply Agreement With MSEDCL for 1600 MW

Adani Power has signed a 25-year Power Supply Agreement (PSA) with Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the long-term supply of 1600 MW of power. The electricity will be sourced from a 2x800 MW Ultra-Supercritical Thermal power plant to be established under a Design, Build, Finance, Own & Operate (DBFOO) basis. The coal linkage for the project has been allocated under the SHAKTI Policy of the Government of India.

Key Agreement Details

The agreement outlines the following key parameters for the power supply arrangement between Adani Power and MSEDCL:

Parameter:	Details
Agreement Duration:	25 Years
Power Capacity:	1600 MW
Plant Configuration:	2x800 MW
Technology:	Ultra-Supercritical Thermal
Operational Basis:	Design, Build, Finance, Own & Operate (DBFOO)
Counterparty:	Maharashtra State Electricity Distribution Company Limited (MSEDCL)
Coal Linkage:	Allocated under SHAKTI Policy

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.55%	-4.08%	-7.20%	+57.63%	+81.82%	+965.57%

Adani Power Limited has retained its ESG score of 80 with a rating symbol of CareEdge-ESG 1+ following an annual surveillance review by CareEdge ESG Ratings Limited. The rating reflects the company's sustained commitment to best-in-class practices and transparent disclosures across environmental, social, and governance dimensions within the thermal power sector.

The assessment incorporated the latest disclosures made in the company's FY26 Integrated Annual Report. CareEdge ESG Ratings confirmed that the rating is valid for a period of one year, effective from June 26, 2026, until June 25, 2027.

Rating Details

The surveillance review maintained the previous score without change, as detailed in the agency's communication:

Adani Power Limited	Previous Score	Rating Symbol	Current Score	Rating Symbol	Rating Movement
ESG Rating	80.0	CareEdge-ESG 1+	80.0	CareEdge-ESG 1	↔

CareEdge ESG Ratings noted that the score is an opinion based on information obtained from reliable sources and data shared by the company. The agency reserves the right to undertake surveillance or review of the rating from time to time, with at least one review every financial year.

The disclosure was submitted to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.