Latest news with #Rs6.075
Hans India
3 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.
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
