Adani Power Receives LoI for 2,400 MW Thermal Power Project in Bihar
The 2,400 MW power project represents a substantial expansion and a significant investment, with a considerable impact on Adani Power's future revenue and the state of Bihar.
Adani Power receiving a Letter of Intent for a significant power project is a positive development.
* Adani Power Limited has received a Letter of Intent (LoI) from Bihar State Power Generation Company Limited (BSPGCL) for long-term power procurement. * The project involves a 2,400 MW (3X800MW) Thermal Power Project at Village Pirpainti, Dist. Bhagalpur, Bihar, to be set up on a Design, Build, Finance, Own and Operate (DBFOO) model. * Fuel will be sourced from allocated coal linkage under the SHAKTI Policy. * Adani Power bid the lowest tariff of ₹6.075 per unit. * The company will supply 2,274 MW power to North Bihar Power Distribution Company Ltd. (NBPDCL) and South Bihar Power Distribution Company Ltd. (SBPDCL). * The project cost is estimated at ~$3 billion (₹24,900 crore approximately). * Unit-1 will be commissioned within 48 months, Unit-2 within 54 months, and Unit-3 within 60 months from the appointed date. * Mr. S.B. Khyalia, CEO of Adani Power, stated the plant will be an advanced, low-emission Ultra-supercritical, supplying dependable, competitively priced, and high-quality power to the state and is expected to further aid industrialization in the state. * The project is expected to generate 10,000 – 12,000 direct and indirect jobs during construction and ~3,000 jobs once in operation.
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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.