Latest news with #PowerSupplyAgreement
India.com
3 days ago
- Business
- India.com
Big win for Gautam Adani, this company gets approval for Rs 262981420500 project from…, to set up 2400 MW…
Gautam Adani (File) Adani Power announced that it has received a Letter of Intent (LoI) from the Bihar State Power Generation Company to build and operate a 2,400-megawatt greenfield thermal power plant in Bihar's Bhagalpur district. The project involves an investment of USD 3 billion. The company expects to receive the LoA (Letter of Award) in due course and subsequently the Power Supply Agreement (PSA) will be executed with the state utilities. What Work Adani Power Will Do? The LoI has been awarded from Bihar State Power Generation Company Ltd (BSPGCL) to supply 2,274 MW energy North Bihar Power Distribution Company Ltd (NBPDCL) and South Bihar Power Distribution Company Ltd (SBPDCL), the Adani Group company said in a statement on Thursday. Adani Power was the lowest bidder in the tightly-contested tender process, with the final supply price of Rs 6.075 per KWh. As part of the contract, the company will supply power from a greenfield 3×800 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 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, Chief Executive Officer of Adani Power. Adani Power To Generate 10,000-12,000 Jobs He said the new plant will be an advanced, low-emission ultra-supercritical and will supply dependable, competitively priced, and high-quality power to the state. The plant will receive fuel from the allocated coal linkage under the SHAKTI Policy of Government of India. The project is expected to generate direct and indirect employment of 10,000-12,000 personnel during the construction phase and 3,000 once in operation. 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.
Hans India
4 days ago
- Business
- Hans India
Adani Power gets LoI to set up 2,400 MW coal-based power plant in Bihar at USD 3 bn investment
Adani Power on Thursday said it has received a letter of intent (LoI) from Bihar State Power Generation Company to develop and operate a 2,400 megawatt greenfield thermal power plant in Bhagalpur District of Bihar at an investment of USD 3 billion. The company expects to receive the LoA (Letter of Award) in due course and subsequently the Power Supply Agreement (PSA) will be executed with the state utilities. The LoI has been awarded from Bihar State Power Generation Company Ltd (BSPGCL) to supply 2,274 MW energy North Bihar Power Distribution Company Ltd (NBPDCL) and South Bihar Power Distribution Company Ltd (SBPDCL), the Adani Group company said in a statement on Thursday. Adani Power was the lowest bidder in the tightly-contested tender process, with the final supply price of Rs 6.075 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 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, Chief Executive Officer of Adani Power. He said the new plant will be an advanced, low-emission ultra-supercritical and will supply dependable, competitively priced, and high-quality power to the state. The plant will receive fuel from the allocated coal linkage under the SHAKTI Policy of Government of India. The project is expected to generate direct and indirect employment of 10,000-12,000 personnel during the construction phase and 3,000 once in operation. 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.
&w=3840&q=100)
Business Standard
4 days ago
- Business
- Business Standard
Adani Power receives LoI for 2,400 MW thermal plant in Bihar's Bhagalpur
Adani Power, India's largest private sector thermal power generator, has announced a major project win in Bihar. The company has received a Letter of Intent (LoI) from Bihar State Power Generation Company Ltd. (BSPGCL) to supply 2,274 MW of power to North Bihar Power Distribution Company Ltd (NBPDCL) and South Bihar Power Distribution Company Ltd (SBPDCL). The power will be supplied from a 2,400 MW thermal power project to be developed at Pirpainti in Bhagalpur district, the company said in a regulatory filing on Thursday. Adani Power emerged as the lowest bidder in a highly competitive tender process, quoting a final supply price of ₹6.075 per KWh. The company will supply power from a greenfield 3x800 MW Ultra-supercritical thermal power plant, to be developed under the Design, Build, Finance, Own, and Operate (DBFOO) model. Fuel for the plant will be sourced through coal linkage allocated under the central government's SHAKTI policy. The project is expected to generate employment for approximately 10,000–12,000 people during the construction phase and around 3,000 once operational. According to the contract, the first unit of the plant will be commissioned within 48 months from the appointed date, and the final unit within 60 months. Adani Power CEO SB Khyalia 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 around $3 billion, which is expected to further aid industrialisation 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." The company expects to receive the Letter of Award (LoA) in due course. A Power Supply Agreement (PSA) will be signed with the state utilities following the LoA.
&w=3840&q=100)
Business Standard
18-06-2025
- Business
- Business Standard
Govt's 2nd VGF boosts battery energy storage systems development: IESA
Industry body India Energy Storage Alliance on Wednesday hailed the government's announcement of the second tranche of the viability gap funding to boost the development of standalone Battery Energy Storage Systems. The scheme aligns with the government's ambitious goal of achieving 30 GWh of energy storage capabilities distributed among 15 states with support from NTPC, the India Energy Storage Alliance (IESA) said in a statement. It aims to attract an investment of ₹33,000 crore, fulfilling the country's BESS requirements by 2028. IESA believes that India Energy Storage Week 2025 will further accelerate this initiative by bringing together industry leaders, stakeholders, and investments from around the globe, the statement said. A viability gap funding (VGF) of ₹18 lakh ($21,043)/MWh will be provided to support the development of 30 GWh of BESS capacity under this tranche. The funding will be sourced from the Power System Development Fund (PSDF), with a total financial outlay of about ₹5,400 crore ($631.30 million). This initiative promises to enhance energy security and facilitate optimal utilisation of existing thermal generation and transmission infrastructure to meet electricity demands during non-solar hours, the statement said. As the need for BESS is projected to grow, reaching 37 GWh by 2027 and 236 GWh by 2032, according to the Central Electricity Authority (CEA), the timely implementation of these measures is crucial for the future of energy storage in India. Vinayak Walimbe, Managing Director of Customized Energy Solutions (CES), said, "The second tranche of viability gap funding will not only drive investment but also foster innovation and collaboration across the energy sector". Debmalya Sen, President of the IESA, further stated, "The requirement under the Guideline for the Power Supply Agreement (PSA) to be signed within nine months is a significant development that will expedite project signing". IESA is hosting the 11th edition of India Energy Storage Week (IESW), taking place in Delhi from July 8-10, aims to boost India's energy transition and global partnerships to further accelerate the government's vision for the country's battery energy storage systems (BESS) development in India.
Business Upturn
12-05-2025
- Business
- Business Upturn
Adani Power shares surge 6% after securing 1,500 MW thermal power deal in Uttar Pradesh
By Aman Shukla Published on May 12, 2025, 09:27 IST Adani Power shares jumped 6% in early trade after the company secured a major contract to supply 1,500 MW (net) of thermal power to Uttar Pradesh. The project, awarded through a competitive bidding process, will follow the Design, Build, Finance, Own, and Operate (DBFOO) model. As of 9:26 AM, the shares were trading 6.45% higher at Rs 545.00. The power will be supplied at a tariff of ₹5.383 per unit from a planned greenfield ultra-supercritical power plant (2×800 MW). The plant will be located within Uttar Pradesh and is expected to be operational by FY30, following recent cabinet approval. A long-term Power Supply Agreement (PSA) will soon be signed with Uttar Pradesh Power Corporation Ltd. (UPPCL), based on the Letter of Award (LoA) issued. Adani Power plans to invest approximately $2 billion in building the plant and related infrastructure. The project is expected to generate 8,000–9,000 jobs during construction and 2,000 jobs during the operational phase. This development comes amid a projected rise in Uttar Pradesh's power demand by 11,000 MW by 2033–34, driven by rapid urbanization, industrial growth, and infrastructure development. This marks Adani Power's second major PSA win in the past year. In September 2024, the company secured a 6,600 MW supply agreement with Maharashtra, covering both thermal and solar capacity. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. 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
