Adani Power Limited has secured a contract to develop a new 2400 MW thermal power project in Bihar, with an estimated cost of approximately ₹53,000 crore. The project will be established in Pirpainti, Bhagalpur, and will meet the state's electricity needs, while also creating thousands of employment opportunities.
New Delhi: Adani Power Limited has received a significant contract from the Government of Bihar, under which the company will establish a 2400 MW thermal power project in Pirpainti village, Bhagalpur. BSPGCL has issued a Letter of Intent (LoI) to the company for this project. The electricity generated from this project, estimated to cost around ₹53,000 crore, will be supplied to the distribution companies of North and South Bihar. Based on 3x800 MW ultra-supercritical technology, this plant will not only make Bihar energy self-sufficient but will also promote local employment and economic development.
Total Investment of ₹53,000 Crore
This project will involve a substantial investment of approximately ₹53,000 crore (approximately $3 billion). According to the company, this project will be developed on a Design, Build, Finance, Own and Operate (DBFOO) model. This means that Adani Power will not only build the project but will also be responsible for its financing, operation, and ownership.
This model is emerging as a powerful means of increasing energy production through private sector participation, with the government's role being monitoring and policy guidance.
Electricity to be Supplied to Both Distribution Companies of Bihar
Adani Power will supply 2274 MW of electricity generated from this project to the distribution companies of North and South Bihar (NBPDCL and SBPDCL). This is expected to improve the availability of electricity in the state's urban and rural areas.
The company is likely to receive the Letter of Award (LoA) soon. Subsequently, a Power Supply Agreement (PSA) will be signed between the state government and Adani Power.
Contract Won by Bidding the Lowest
Adani Power had bid the lowest at ₹6.075 per kilowatt-hour (kWh) in the auction process for this project. The company received the LoI under this competitive bidding process.
The proposed thermal power plant will be based on 3x800 MW ultra-supercritical technology, which ensures higher energy efficiency with lower carbon emissions. This technology emits significantly less pollution compared to traditional thermal power plants, making it modern and environmentally friendly.
CEO Expressed Delight
Adani Power Limited's CEO, S. B. Khyalia, said on this occasion, "We are extremely excited to have the opportunity to establish a state-of-the-art thermal power plant with a capacity of 2400 MW in Bihar. Our goal is to provide the state with reliable, affordable, and high-quality electricity. This project will not only add a new chapter in the energy sector but will also accelerate the industrial development of Bihar.”
Khyalia further added that this power plant will not only be a milestone in the direction of energy production, but it will also contribute to employment generation and the development of the local economy in the state.
Increase in Employment Opportunities
According to the company, this power project will provide direct employment to 10,000 to 12,000 people during its construction phase. Once the plant is operational, it will create approximately 3000 permanent employment opportunities. This will provide new opportunities in the technical and industrial sectors for local youth.
It has also been reported that the coal supply required for this power plant will be provided under the Government of India's SHAKTI (Scheme for Harnessing and Allocating Koyala Transparently in India) scheme.
Production to Commence Within the Set Timeframe
Adani Power has clarified that the first unit of this project will be commissioned within 48 months and the last unit within 60 months. This means that the entire project will be operational in about 4 to 5 years.
The operation of this project is expected to provide significant assistance to Bihar in the direction of energy stability and self-reliance in the future. This plant will not only meet the state's growing electricity demand but will also strengthen industrial development and urbanization through energy.
