Adani Power on Friday announced that it has secured a Letter of Award (LoA) to establish a 2,400 MW greenfield thermal power project at Pirpainti in Bihar’s Bhagalpur district, with an investment of USD 3 billion.
The company said the LoA was issued for a 25-year agreement to supply electricity to Bihar State Power Generation Company Ltd (BSPGCL) from the upcoming 2,400 MW (3×800 MW) ultra-supercritical plant. The project will be followed by the signing of a formal Power Supply Agreement (PSA) between the two entities, it added.
Adani Power Gets LoA for Thermal Project In Bihar
The Bihar State Power Generation Company Ltd (BSPGCL) has awarded the LoA to Adani Power on behalf of North Bihar Power Distribution Company Ltd (NBPDCL) and South Bihar Power Distribution Company Ltd (SBPDCL), the two state utilities.
“With our upcoming ultra-supercritical, high-efficiency Pirpainti project in Bihar, we are setting new benchmarks in operational excellence and sustainability,” S B Khyalia, Chief Executive Officer of Adani Power, said.
Earlier, Adani Power had emerged as the winner in the tariff-based competitive bidding process by the BSPGCL, offering the lowest supply price of Rs 6.075 per KWh.
The company will invest USD 3 billion in setting up the plant and the related infrastructure.
How Will India’s Power Sector Grow?
India’s power demand is expected to grow rapidly in the coming years, with peak demand rising from the current 250 GW to 400 GW by 2031-32, and 700+ GW by 2047, propelled by rapid industrialisation, urbanisation, and a growing population, it said.
Thermal power, with its inherent ability to provide large-scale, reliable, and round-the-clock power, will continue to remain the backbone of our energy security, providing critical base-load and grid-balancing support, it stated.
To meet this ever-increasing power demand, the government has envisaged an additional 100 GW of thermal capacity to be added by 2035, it stated.
Highlight
- Adani Power investment in Bihar
- Adani Power wins LoA in Bihar
- Adani Power LoA for 2,400 MW thermal project
- Adani Power plant in at Pirpainti Bihar
Adani Power 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, as well as a 40 MW solar power plant in Gujarat.