Is Adani Power Set to Build a $3 Billion Greenfield Thermal Plant in Bihar?
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Synopsis
Adani Power embarks on a significant project in Bihar, unveiling plans for a new $3 billion thermal power plant. This initiative promises to boost industrial growth and job creation in the region, highlighting the company's commitment to advancing India's energy landscape.
Key Takeaways
- Adani Power is investing $3 billion in a new thermal power plant in Bihar.
- The plant aims to generate 2,274 MW of electricity.
- Job creation during construction is expected to be between 10,000 and 12,000.
- The facility will use advanced Ultra-supercritical technology.
- The project is aligned with India's energy and industrialization goals.
Ahmedabad, Aug 7 (NationPress) Adani Power announced on Thursday that it has secured a Letter of Intent (LoI) to establish and manage a 2,400 MW greenfield thermal power plant in Bihar, with a total investment of $3 billion.
The leading private thermal power generator in India won the bid from the Bihar State Power Generation Company Ltd. (BSPGCL) to deliver 2,274 MW of electricity to the North Bihar Power Distribution Company Ltd. (NBPDCL) and the South Bihar Power Distribution Company Ltd. (SBPDCL) from a 2,400 MW thermal power project, which is set to be developed in Pirpainti within the Bhagalpur District of Bihar.
Adani Power emerged as the most competitive bidder in a highly contested tender process, finalizing a supply price of Rs 6.075 per KWh.
Under the contract, the company will provide power from a new 3x800 MW Ultra-supercritical power plant, designed and constructed under the Design, Build, Finance, Own, and Operate (DBFOO) model.
The first unit is expected to be operational within 48 months from the appointed date, while the last unit will follow within 60 months.
“We are thrilled to have secured the bid for developing and managing a 2,400 MW thermal power project in Bihar. This new greenfield plant, backed by a $3 billion investment, aims to significantly contribute to the state’s industrial development,” stated S.B. Khyalia, CEO of Adani Power.
“Our facility will be an advanced, low-emission Ultra-supercritical plant, providing reliable, competitively priced, and high-quality electricity to the region,” he added.
This project is projected to create 10,000–12,000 jobs directly and indirectly during construction, and around 3,000 jobs once operational.
The plant will be fueled by coal sourced from the designated coal linkage under the SHAKTI Policy of the Central government.
The company anticipates receiving the LoA (Letter of Award) shortly, with the subsequent execution of the Power Supply Agreement (PSA) with the State Utilities.
Adani Power, part of the Adani group, is India’s largest private thermal power producer, boasting an installed thermal power capacity of 18,110 MW across 12 power plants located in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand, and Tamil Nadu, in addition to a 40 MW solar power plant in Gujarat.
Point of View
The establishment of a new thermal power plant by Adani Power emphasizes the importance of sustainable energy development in India. This venture not only aims to meet energy demands but also supports the government's industrialization goals, indicating a proactive approach to energy solutions in the country.
NationPress
08/10/2025
Frequently Asked Questions
What is the investment amount for the new thermal power plant?
The investment for the new thermal power plant is $3 billion.
How much electricity will the plant supply?
The plant is expected to supply 2,274 MW of electricity.
Where will the thermal power plant be located?
The thermal power plant will be located in Pirpainti, Bhagalpur District, Bihar.
What is the expected job creation from this project?
The project is projected to create direct and indirect employment for 10,000–12,000 people during construction and around 3,000 jobs once operational.
What is the commissioning timeline for the plant?
The first unit is expected to be commissioned within 48 months, with the last unit within 60 months from the appointed date.
