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Adani Power Signs 25-Year Deal to Supply 2,400 MW to Bihar

Bihar selected the Pirpainti plant at a Rs 6.075 per kWh tariff under a coal linkage granted via SHAKTI.

Overview

  • Supply will come from a proposed 3×800 MW ultra-supercritical plant at Pirpainti in Bhagalpur to be developed under a DBFOO model.
  • Adani Power targets commissioning the Bihar project within 60 months of the appointed date.
  • The company estimates about $3 billion of capital for the plant and associated infrastructure.
  • The PSA formalizes an August letter of award issued by BSPGCL on behalf of North and South Bihar distribution companies.
  • Separately, Adani Power earlier secured 1,600 MW in Madhya Pradesh, including 800 MW via a first-of-its-kind greenshoe option, with units planned within 60 months.