Adani Power Signs PSA with Bihar Govt for 2400 MW Supply

• APL signs 25-year PSA with BSPGCL to supply 2,400 MW from a new Bihar plant
• $3B investment in a 3x800 MW ultra-supercritical project creating 15,000 jobs
• India’s largest private thermal producer with 18,110 MW capacity nationwide

AdPower Ltd. (APL), the biggest private sector thermal power producer in India, has announced that it has signed a 25-year Power Supply Agreement (PSA) with Bihar State Power Generation Company Ltd. (BSPGCL) for the supply of 2,400 MW of power. The power will be generated from its greenfield ultra-supercritical plant that APL will develop at Pirpainti in the Bhagalpur district of Bihar.

This follows the Letter of Award (LoA) issued by BSPGCL on behalf of North Bihar Power Distribution Company Ltd. (NBPDCL) and South Bihar Power Distribution Company Ltd. (SBPDCL) in August. APL secured the project through the most competitive tariff of Rs. 6.075 per KWh, and emerged the lowest bidder.

The company has made an announcement to invest close to USD 3 billion to design, build, finance, own and operate a three unit (800 MW x 3) power plant with associated infrastructure. The coal linkages for the project have been provided under the Government of India's SHAKTI Policy.

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The project is expected to create approximately 10,000–12,000 jobs during construction and approximately 3,000 permanent jobs when the project is operational. APL is seeking to have the project fully operational within 60 months.

APL is a diversified member of the Adani portfolio that has a developed thermal capacity of 18,110 MW across twelve plants in the states of Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand, and Tamil Nadu.

APL also operates a solar facility in Gujarat with 40 MW of developed capacity. APL is committed to its vision of India to be a power-surplus nation with affordable and accessible electricity to all, through advanced technology and skills.