Adani Green Energy in Spotlight on Power Deal with UP Power Corporation

📅 Date of Agreement: April 23, 2024
🤝 Partnership: Adani Hydro Energy Five Ltd (a wholly-owned subsidiary of Adani Green Energy Ltd) signed a Power Purchase Agreement (PPA) with Uttar Pradesh Power Corporation Ltd (UPPCL).
⚡ Project Type: Pumped Hydro Storage Projects
📦 Capacity: Supply of 1,250 MW of energy storage capacity
🏗️ Subsidiary Involved: Adani Hydro Energy Five Ltd – step-down subsidiary handling the project
🗓️ Earlier Announcement: The deal was initially disclosed on February 25, 2025, but the execution of the PPA took place post-market hours on April 23, 2024
💹 Market Buzz: Adani Green Energy’s stock remains in focus following this major energy infrastructure move