Adani Power to Invest INR 3 Bn in 2,400 MW Thermal Project in Bihar

Adani Power has received a Letter of Award (LoA) from Bihar State Power Generation Company Ltd. (BSPGCL) for long-term procurement of electricity over 25 years. The power will be supplied from a 2,400 MW (3 x 800 MW) greenfield ultra supercritical thermal plant to be established at Pirpainti in Bhagalpur district.
 
The award has been made by BSPGCL on behalf of North Bihar Power Distribution Company Ltd. (NBPDCL) and South Bihar Power Distribution Company Ltd. (SBPDCL). A Power Supply Agreement (PSA) between the entities will follow.
 
According to Adani Power, the project will be set up based on the Design, Build, Finance, Own and Operate (DBFOO) model by sourcing fuel through a coal linkage allocated under Para B(IV) of the SHAKTI Policy.
 
Earlier, Adani Power had emerged as a winner in a tightly contested tariff-based competitive bidding process called by BSPGCL, offering the lowest supply price of INR 6.075 per KWh.
 
The company will invest approximately USD 3 billion to establish the plant and the related infrastructure. The project is expected to create 10,000–12,000 direct and indirect jobs, with about 3,000 employment opportunities once the plant becomes operational.
 
“Adani Power, as India’s largest private sector thermal power producer, has consistently demonstrated the capability to deliver dependable capacity at scale," said S.B. Khyalia, CEO of Adani Power.
 
"With our upcoming ultra-supercritical, high-efficiency Pirpainti project in Bihar, we are setting new benchmarks in operational excellence and sustainability. This plant will provide affordable and uninterrupted power to the people of Bihar, catalysing industrialisation, strengthening the state’s economy, and supporting the prosperity of its people,” he said.
 
India’s power demand is expected to grow rapidly in the coming years, with peak demand rising from about 250 GW currently to around 400 GW by 2031-32, and over 700 GW by 2047, propelled by rapid industrialisation, urbanisation, and a growing population. To meet this ever-increasing power demand, the government has envisaged an additional of around 100 GW of thermal capacity to be added by 2035.
 
Adani Power, 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 12 power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand, and Tamil Nadu, apart from a 40 MW solar power plant in Gujarat.