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Key Points

Adani Power has secured a major 25-year agreement to supply 2400 MW of power to Bihar. The company won the contract by offering the most competitive rate of Rs 6.075 per KWh. This project involves building a massive new ultra super critical plant in Pirpainti with a $3 billion investment. The initiative will create thousands of jobs and significantly boost Bihar's power infrastructure.

Key Points: Adani Power Signs 2400 MW Bihar Deal for Pirpainti Plant

  • 25-year power supply agreement signed with Bihar State Power Generation Company
  • Won project with lowest bid rate of Rs 6.075 per KWh
  • $3 billion investment for new ultra super critical plant
  • Will generate 12,000 construction jobs and 3,000 operational roles
2 min read

Adani Power signs PSA with Bihar government for supply of 2400 MW of power

Adani Power to supply 2400 MW to Bihar for 25 years from new Rs 6.075/KWh plant, investing $3B and creating 15,000 jobs in Bhagalpur district.

"The company plans to invest approximately USD 3 billion to build the new plant - Adani Power Ltd."

Ahmedabad, September 13

Adani Power Ltd. (APL), India's largest private sector thermal power generator, today said it has signed a 25-year Power Supply Agreement (PSA) with Bihar State Power Generation Company Ltd. (BSPGCL) for supply of 2,400 MW of power from a greenfield ultra super critical plant to be set up at Pirpainti in Bhagalpur district of Bihar.

This is further to the LoA awarded by BSPGCL to APL, on behalf of North Bihar Power Distribution Company Ltd. (NBPDCL) and South Bihar Power Distribution Company Ltd. (SBPDCL) in August.

Adani Power won the project by offering the lowest supply rate at Rs 6.075 per KWh.

The company plans to invest approximately USD 3 billion to build the new plant (800 MW X 3) and its supporting infrastructure under the Design, Build, Finance, Own, and Operate (DBFOO) model.

The coal linkage for the power plant has been allocated under the SHAKTI Policy of Government of India. The project will generate direct and indirect employment of ~10,000 - 12,000 during the construction phase and ~3,000 once in operation.

The company aims to fully commission the plant in 60 months.

Adani Power (APL), a part of the Adani portfolio, is the largest private thermal power producer in India. The Company has an installed thermal power capacity of 18,110 MW spread across twelve power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand, and Tamil Nadu, apart from a 40 MW solar power plant in Gujarat.

With the help of a world-class team of experts in every field of power, Adani Power is on course to achieve its growth potential. The company is harnessing technology and innovation to transform India into a power-surplus nation and provide quality and affordable electricity for all.

- ANI

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Reader Comments

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Priya S
Rs 6.075 per unit seems competitive! But I hope the state government ensures that these savings actually reach consumers and don't get lost in distribution losses. Bihar's discoms need reform too.
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Aman W
Bhagalpur getting such a massive project is fantastic! 10,000+ jobs during construction will boost local economy significantly. Hope they prioritize hiring local talent and skill development 💪
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Nisha Z
While thermal power is needed, I hope Adani invests in proper pollution control technology. Ultra super critical is good but we need to balance development with environmental concerns. Green energy transition should be the long-term goal.
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Vikram M
Adani Group's execution capability is impressive. If they can deliver in 60 months as promised, this will be a game-changer for industrial growth in Bihar. More industries will set up shop with reliable power supply!
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Sarah B
$3 billion investment shows serious commitment. Hope the local communities benefit from the infrastructure development and CSR initiatives. Power projects should also focus on community development programs.

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