Adani Power announced plans on Saturday to construct a 2,400 MW ultra super-critical power plant in Bihar’s Bhagalpur district, representing a $3 billion investment (approximately Rs 26,482 crore) in the state’s energy infrastructure.
The Adani group subsidiary has executed a 25-year Power Supply Agreement (PSA) with Bihar State Power Generation Company Ltd. (BSPGCL) to supply electricity from the facility, which will be located at Pirpainti in Bhagalpur district.
Adani Power to launch project in Bihar
The power supply agreement follows a Letter of Award issued by BSPGCL to Adani Power in August, acting on behalf of North Bihar Power Distribution Company Ltd (NBPDCL) and South Bihar Power Distribution Company Ltd (SBPDCL). Adani Power secured the project by submitting the lowest supply rate bid at Rs 6.075 per KWh.
The company plans to invest approximately $3 billion to construct the new facility, comprising three 800 MW units, along with supporting infrastructure under the Design, Build, Finance, Own, and Operate (DBFOO) model. Construction is targeted for completion within 60 months from project commencement.
Coal linkage for the power plant has been allocated under the Government of India’s SHAKTI Policy, ensuring fuel security for the facility’s operations.
Adani Power project brings employment in Bihar
The project promises significant employment opportunities for Bihar, with Adani Power estimating direct and indirect employment for 10,000-12,000 people during the construction phase. Once operational, the facility will provide permanent employment for approximately 3,000 individuals.
About Adani Power:
Adani Power, part of billionaire Gautam Adani’s business conglomerate, holds the distinction of being India’s largest private thermal power producer. The company currently operates an installed thermal power capacity of 18,110 MW across its portfolio.
This Bihar project represents a substantial addition to Adani Power’s generation capacity, increasing its footprint by over 13% once commissioned. The ultra super-critical technology employed will ensure higher efficiency and lower emissions compared to conventional thermal plants.
The investment underscores Adani Power’s continued expansion strategy in India’s power sector, particularly in states requiring enhanced electricity generation capacity to meet growing demand. Bihar’s power infrastructure development aligns with the state’s industrial growth objectives and energy security requirements.
