GUWAHATI: The Adani Group has announced that it will invest ₹63,000 crore in Assam for two major energy projects, marking the largest private sector investment in the Northeast.

Two portfolio companies of the group have allegedly received Letters of Award from the Assam government for what the company described as two transformative projects, a state-of-the-art thermal power plant and a pioneering pumped storage facility.

Adani Power Ltd, India’s largest private-sector power generator, will invest Rs 48,000 crore to set up a 3,200 MW greenfield ultra-supercritical power plant in Assam.

Separately, Adani Green Energy, India’s largest renewable energy company, intends to invest Rs 15,000 crore to set up two pumped storage plants (PSP) in the state with a combined capacity of 2,700 MW.

“These landmark initiatives underscore the Adani Group’s strategic focus on the advancement of India’s northeastern region, aligning with Chairman Gautam Adani’s pledge in February this year to invest ₹50,000 crore in the region’s development and growth,” the Adani Group said in a statement.