Deals13 Sept 2025, 11:41 am
Adani Power signs 25-year PSA with Bihar government for supply of 2400 MW of power
AI Summary
Adani Power Ltd. has signed a 25-year Power Supply Agreement (PSA) with Bihar State Power Generation Company Ltd. (BSPGCL) for supply of 2,400 MW of power from a greenfield ultra super critical plant to be set up at Pirpainti in Bhagalpur district of Bihar. The company plans to invest approximately $3 billion to build the new plant and its supporting infrastructure under the Design, Build, Finance, Own, and Operate (DBFOO) model. The coal linkage for the power plant has been allocated under the SHAKTI Policy of Government of India. The project will generate direct and indirect employment of ~10,000 - 12,000 during the construction phase and ~3,000 once in operation. The company aims to fully commission the plant in 60 months.
Key Highlights
- Adani Power signed a 25-year PSA with Bihar State Power Generation Company Ltd. for supply of 2400 MW of power.
- The power will be supplied from a greenfield ultra super critical plant to be set up at Pirpainti, Bhagalpur district, Bihar.
- The company plans to invest approximately $3 billion for the project under the DBFOO model.
- The coal linkage for the power plant has been allocated under the SHAKTI Policy of Government of India.
- The project will generate direct and indirect employment of ~10,000 - 12,000 during the construction phase and ~3,000 once in operation.