Latest news with #DBFOO
Hans India
4 days ago
- 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.
Time of India
4 days ago
- Business
- Time of India
Adani Power to build $3 bn thermal plant in Bihar after winning 2,274 MW supply contract
Adani Power Ltd . on Thursday announced that the company has secured a Letter of Intent (LoI) from Bihar State Power Generation Company Ltd . (BSPGCL) to develop and supply 2,274 MW of electricity to the state from a proposed 2,400 MW thermal power project in Bhagalpur district. The said plant will be set up in Pirpainti village at an investment of around $3 billion, the company said. The power will be distributed to North Bihar Power Distribution Company Ltd. (NBPDCL) and South Bihar Power Distribution Company Ltd. (SBPDCL), the company said in a statement on Thursday. The LoI was issued following a bidding process, where Adani Power said it emerged as the lowest bidder with a final supply tariff of Rs 6.075 per KWh. The electricity will be sourced from a greenfield 3x800 MW Ultra-supercritical thermal plant to be developed under the Design, Build, Finance, Own, and Operate (DBFOO) model. '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 industrialization in the state. Our plant will be an advanced, low-emission Ultra-supercritical one, and will supply dependable, competitively priced, and high-quality power to the state,' said S.B. Khyalia, Chief Executive Officer of Adani Power. The first unit of the project is scheduled to be commissioned within 48 months of the appointed date, with the final unit coming online within 60 months. Fuel for the power plant will be supplied through a coal linkage granted under the Government of India's SHAKTI (Scheme for Harnessing and Allocating Koyala Transparently in India) policy. According to Adani Power, the project will generate an estimated 10,000–12,000 jobs during the construction phase and approximately 3,000 jobs once the plant is operational. The company expects to receive the formal Letter of Award (LoA) soon, after which a Power Supply Agreement (PSA) will be signed with the state utilities.
Yahoo
4 days ago
- 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
5 days ago
- Business
- Business Standard
Adani Power to develop & operate greenfield ultra-supercritical thermal power plant in Bihar
Adani Power (APL) said that it has received a letter of intent (LoI) from Bihar State Power Generation Company (BSPGCL) to develop and operate 2,400 MW greenfield thermal power plant in Bihar. As per the terms of the agreement, APL will supply 2,274 MW power to North Bihar Power Distribution Company (NBPDCL) and South Bihar Power Distribution Company (SBPDCL) from the greenfield thermal power project that would 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 Rs 6.075 per kilowatt-hour (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. The plant will receive fuel from the allocated coal linkage under the SHAKTI Policy of Government of India. S.B. Khyalia, chief executive officer of Adani Power, said: 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 nearly $3 billion, which is expected to further aid industrialization 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." Adani Power (APL), a part of the Adani portfolio, is the largest private thermal power producer in India. The company 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, apart from a 40 MW solar power plant in Gujarat. The companys consolidated net profit declined 13.49% to Rs 3,384.86 crore in Q1 FY26 from Rs 3,912.79 crore posted in Q1 FY25. Revenue fell 5.66% year-on-year (YoY) to Rs 14,109.15 crore in Q1 FY26. The scrip shed 0.81% to currently trade at Rs 562.30 on the BSE.
Business Standard
5 days ago
- 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.
