Key facts
- Adani Group plans to develop 10 GW of nuclear power capacity by 2035.
- The group also aims to develop 3 GW of data center capacity by 2030.
- Adani Power established Adani Atomic Energy (AAEL) for nuclear power generation.
- The company plans to invest over 2 trillion rupees ($23bn) in its power generation portfolio over the next five years.
- Adani Power aims to reach 45 GW of capacity by the 2031-32 financial year.
India's Adani Group has announced plans to develop 10 GW of nuclear power capacity by 2035, as part of a comprehensive strategy to build an integrated energy platform. This ambitious move into the private nuclear sector aims to support India's rising electricity demand and long-term decarbonisation objectives.
The group has established Adani Atomic Energy (AAEL) as a wholly owned subsidiary dedicated to generating, transmitting, and distributing electricity from nuclear and atomic sources. Group chairman Gautam Adani described this entry into nuclear energy as a significant step towards securing India's future energy needs.
In addition to nuclear power, Adani Group intends to invest over 2 trillion rupees ($23 billion) in its power generation portfolio over the next five years, targeting a total capacity of 45 GW by the 2031-32 financial year. This expansion will encompass thermal, renewable, hydroelectric, and pumped-storage assets, alongside investments in transmission and distribution infrastructure.
The nuclear capacity target aligns with India's national goal of increasing installed nuclear capacity to 100 GW by 2047, from approximately 8.8 GW currently. Adani's planned contribution would represent about one-tenth of this long-term national objective.
Simultaneously, the group is expanding its hydroelectric and pumped-storage projects, including a partnership with Druk Green Power in Bhutan to jointly develop up to 5 GW of capacity. Adani is also growing its presence in adjacent energy sectors, such as city gas distribution and piped natural gas infrastructure, and its data center business aims for 3 GW of capacity by 2030 to meet demand from digital infrastructure and AI applications.