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India.com
4 days ago
- Business
- India.com
Jackpot for Gautam Adani as Adani Power wins Rs 24900000000 project in THIS state, company to set up…
Gautam Adani- File image New Delhi:In a major development, Gautam Adani-led Adani Power has announced that it has secured a Letter of Intent (LoI) from the Bihar State Power Generation Company Ltd (BSPGCL) to develop and operate a 2,400 megawatt greenfield thermal power plant in Bhagalpur District, Bihar. According to the company, the investment will be worth Rs USD 3 billion. The project is likely to play a pivotal role in pushing the state's industrial growth. 'We have won the bid to develop and operate a 2,400 MW thermal power project in Bihar. We will set up a new greenfield plant with an investment of USD 3 billion, which is expected to further aid industrialization in the state,' said S B Khyalia, CEO of Adani Power. Khyalia further added that the new plant would be an advanced, low-emission ultra-supercritical power station, designed to supply dependable, competitively priced, and high-quality power to the state. It is important to note that Adani Power is India's largest private thermal power producer. The company has installed thermal power capacity of 18,110 MW across 12 plants in various states, including Gujarat, Maharashtra, and Karnataka. Here are some of the key details: Adani Power emerged as the lowest bidder in a competitive tender process The company will supply 2,274 MW of energy to the North Bihar Power Distribution Company Ltd (NBPDCL) and South Bihar Power Distribution Company Ltd (SBPDCL) at a supply price of Rs 6.075 per KWh. The company is likely to receive the Letter of Award (LoA) soon, followed by the execution of a Power Supply Agreement (PSA) with the state utilities. The new facility will be a 3×800 MW ultra-supercritical power plant, built under the Design, Build, Finance, Own, and Operate (DBFOO) model. The first unit of the plant is scheduled to be commissioned within 48 months from the appointed date, and the last unit will be operational within 60 months. The project is set to generate significant employment According to the reports, the project will generate an estimated 10,000-12,000 jobs during the construction phase and 3,000 jobs once the plant is operational. Fuel for the power plant will be sourced from the allocated coal linkage under the Government of India's SHAKTI Policy.
Business Upturn
08-08-2025
- Business
- Business Upturn
Prostarm Info Systems secures final LOA for 30MW battery energy storage project in Bihar
Prostarm Info Systems has announced that it has received the final Letter of Award (LOA) from Bihar State Power Generation Company Limited (BSPGCL) for setting up a 30MW/120MWh standalone Battery Energy Storage System (BESS) project in Bihar. The company confirmed the development in a filing to the stock exchanges on August 7, 2025, under Regulation 30 of the SEBI Listing Regulations. The project will operate under the Tariff Based Competitive Bidding (TBCB) mode and will be set up at different Grid Sub-Station (GSS) locations of Bihar State Power Transmission Company Limited (BSPTCL). The awarded project includes Viability Gap Funding (VGF) support and will run on a Build-Own-Operate-Transfer (BOOT) model for a tenure of 12 years. According to the company's disclosure, the rental has been fixed at ₹4.44 lakh per MW per month, translating to an annual rental of ₹15.98 crore for the 30MW capacity. The final LOA was received at 7:07 p.m. on August 7, 2025. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Hans India
08-08-2025
- Business
- Hans India
Adani Power setting up $3-bn power unit
Ahmedabad: Adani Power on Thursday said it has received a Letter of Intent (LoI) to develop and operate 2,400 MW Greenfield thermal power plant in Bihar at an investment of $3 billion. India's largest private sector thermal power generator won the bid from Bihar State Power Generation Company Ltd (BSPGCL) to supply 2,274-MW power to North Bihar Power Distribution Company Ltd. (NBPDCL) and South Bihar Power Distribution Company Ltd (SBPDCL) from a 2,400 -MW thermal power project- to be developed at Pirpainti in Bhagalpur District of Bihar. Adani Power was the lowest bidder in a tightly contested tender process, with the final supply price of Rs6.075 per KWh. As part of the contract, the company will supply power from a Greenfield 3x800 MW Ultra-supercritical power plant, to be set up under the Design, Build, Finance, Own, and Operate (DBFOO) model. The first unit will be commissioned within 48 months of the appointed date, and the last one within 60 months of the appointed date. 'We are pleased to have won the bid to develop and operate a 2,400 MW thermal power project in Bihar. We will set up a new Greenfield plant with an investment of $3 billion, which is expected to further aid industrialisation in the state,' said SB Khyalia, Chief Executive Officer of Adani Power. 'Our plant will be an advanced, low-emission Ultra-supercritical one, and will supply dependable, competitively priced, and high-quality power to the state,' he mentioned.
Yahoo
07-08-2025
- Business
- Yahoo
Adani Power secures major power supply contract in Bihar, India
Adani Power, India's largest private sector thermal power generator, has received a letter of intent (LoI) from the Bihar State Power Generation Company Limited (BSPGCL). The agreement will see the company supplying 2,274MW of electricity to both the North Bihar Power Distribution Company Limited (NBPDCL) and the South Bihar Power Distribution Company Limited (SBPDCL). The power will be sourced from a new 2,400MW thermal power project to be established in Pirpainti, located in the Bhagalpur district of Bihar. In a competitive bidding process, Adani Power emerged as the lowest bidder, offering a supply price of Rs6.075 ($0.07) per kilowatt hour (kWh). The project will feature a greenfield 3x800MW ultra-supercritical power plant, developed under the design, build, finance, own and operate (DBFOO) model. Its first unit will be operational within 48 months from the assigned date, while the final unit is set for completion within 60 months. The plant will be fuelled by coal sourced under the government of India's SHAKTI [Scheme for Harnessing and Allocating Koyala Transparently] policy. During the construction phase, the project will create between 10,000 and 12,000 jobs, with 3,000 positions expected once the plant is operational. Adani Power CEO SB Khyalia stated: 'We are pleased to have won the bid to develop and operate a 2,400MW thermal power project in Bihar. We will set up a new greenfield plant with an investment of $3bn, which is expected to further aid industrialisation in the state. Our plant will be an advanced, low-emission ultra-supercritical and will supply dependable, competitively priced and high-quality power to the state.' In July 2025, Adani Power finalised its acquisition of Vidarbha Industries Power Limited (VIPL) for Rs40bn. Vidarbha operates a coal-fired power plant with a capacity of 600MW, consisting of two units of 300MW each, and is in Butibori, in the Nagpur district of Maharashtra. "Adani Power secures major power supply contract in Bihar, India" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Standard
07-08-2025
- Business
- Business Standard
Adani Power receives LoI for setting up 2400 MW thermal power project in Bihar
Adani Power has received a Letter of Intent (LOI) from Bihar State Power Generation Company (BSPGCL) for long term procurement of electricity on behalf of North Bihar Power Distribution Company (NBPDCL) and South Bihar Power Distribution Company (SBPDCL), from 2400 MW (3X 800MW) Thermal Power Project to be set up at Village Pirpainti, Dist. Bhagalpur, Bihar on Design, Build, Finance, Own and Operate (DBFOO) model by sourcing fuel from the allocated coal linkage arranged by the Utility under Para B(IV) of SHAKTI Policy.
