Adani Power wins 2,400 MW thermal power project in Bihar’s Bhagalpur.

The project, designed on a build, finance, own, and operate basis, will consist of three units of 800 MW each.

The project was awarded following a competitive bidding process in which Adani Power emerged successful by offering the lowest supply rate at ₹6.075 per kilowatt hour. The company plans to invest nearly $3 billion in the plant and its associated infrastructure.
The coal requirement for the facility has been tied up under the Government of India’s SHAKTI policy. According to the company, the project is expected to generate 10,000–12,000 direct and indirect jobs during the construction phase, and around 3,000 jobs once operational.Also Read: Adani Group looks to invest $60 billion in power, RE sectors till FY32

The full commissioning of the project is targeted within 60 months.

This agreement builds on the Letter of Award issued in August by Bihar State Power Generation Company on behalf of North and South Bihar power distribution companies.

On Friday, shares of Adani Power closed 3.86% higher at ₹648.75 on the NSE.