Adani Power Receives LoA for 2,400 MW Thermal Power Plant in Bihar
The project involves a substantial investment (approximately $3 billion) and is expected to generate significant employment, suggesting a high impact on the company and the region.
The announcement details a significant project win for Adani Power, indicating positive future prospects and expansion.
* Adani Power has received a Letter of Award (LoA) from Bihar State Power Generation Company Ltd. (BSPGCL) for long-term power procurement. * The project involves setting up a 2,400 MW (3x800 MW) greenfield ultra-supercritical thermal power plant at Pirpainti, Bhagalpur district, Bihar, on a Design, Build, Finance, Own, and Operate (DBFOO) model. * Fuel will be sourced from allocated coal linkage arranged by the Utility under Para B(IV) of SHAKTI Policy. * Adani Power won the bid by offering the lowest supply price of ₹6.075 per KWh. * The company will invest approximately $3 billion (₹24,900 crore) in the plant and related infrastructure. * The project is expected to generate 10,000-12,000 direct and indirect jobs during construction and about 3,000 jobs once operational. * According to Mr. S.B. Khyalia, CEO of Adani Power, this project will provide affordable and uninterrupted power to Bihar, catalyzing industrialization and strengthening the state’s economy.
What to do with a filing like this
Adani Power Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Adani Power Limited. Read the original for the full detail.