Adani Power, led by India’s leading industrialist Gautam Adani, is going to make big investment in Bihar. The company said on Saturday that an investment of $ 3 billion (about Rs 26,482 crore) in Bihar will be set up by 2,400 MW ultra super-critical power plants. The company said in a statement that, “It has signed a 25 -year power supply agreement (PSA) with Bihar State Electricity Company Limited (BSPGCL) for power supply from the project to be set up at Pirpainti in Bhagalpur district of the state.
The lowest supply rate offer
The power supply agreement is in addition to the contract issued by BSPGCL by BSPGCL in August by North Bihar Power Distribution Company Limited (NBPDCL) and South Bihar Power Distribution Company Limited (SBPDCL). Adani Power has achieved the project by offering the lowest supply rate of Rs 6.075 per kWh.
Preparation to start the plant in 5 years
The company said, “The construction of the new plant (800 MW x 3) and the necessary infrastructure for it is planned to invest about 3 billion US dollars under the construction, finance, ownership and operation (DBFO) model. The company aims to start the plant in 60 months.
The project will create thousands of employment
The coal linkage for this power plant has been allocated under the power policy of the Government of India. The project will create direct and indirect employment for 10,000–12,000 people during construction and will create employment for about 3,000 people when it is operational. Part of the group led by billionaire Gautam Adani, Adani Power is the largest private thermal power producer in India. Its heat power capacity is 18,110 MW.
