Adani Power Commits $3 Billion for 2400 MW Project in Bihar

Fast Summary

• Project Launch: Adani Power announced the establishment of a 2,400 MW ultra super-critical power plant in Bihar’s Pirpainti, Bhagalpur district.
• Investment Details: The project will involve an investment of $3 billion (approximately ₹26,482 crore).
• Power Supply Agreement: A 25-year PSA was signed with Bihar State Power Generation Company Ltd.(BSPGCL) to supply electricity from the plant.
• Procurement Process: Adani Power won the project through competitive bidding by offering ₹6.075 per KWh as the lowest supply rate.
• Construction Model & Timeline: The plant and supporting infrastructure will follow a Design, Build, Finance, Own and Operate (DBFOO) model and is expected to be operational within 60 months.
• Coal Linkage Policy: Coal supplies for the power plant will be facilitated under India’s SHAKTI Policy.
• Employment Impact: Construction is projected to create jobs for 10,000-12,000 people; operational phases aim to employ around 3,000 individuals.
• Company Overview: Adani Power has an installed thermal capacity of 18,110 MW and is part of Gautam Adani’s conglomerate.

Indian Opinion Analysis

The declaration marks a significant development in Bihar’s energy sector and broader economic infrastructure. With its ultra super-critical technology and extensive scale underlined by one of India’s biggest private power producers, this initiative aligns well with national goals for improving energy efficiency while addressing state-level electricity demand gaps.

The substantial investment underlines private-sector confidence in collaborating with state entities like BSPGCL via long-term frameworks such as PSAs-a vital signal for fostering public-private partnerships across critical sectors like energy.Additionally,coal linkage through SHAKTI Policy strengthens coordination between industrial projects and resource allocation frameworks instituted by India’s government.

The projected employment generation could offer socio-economic upliftment for thousands during construction phases while stabilizing operations once launched-a noteworthy point given Bhagalpur district’s developmental aspirations despite challenges typical within eastern regions economic scales previously understated globally read remains region-align boosts ahead trajectory constraints checked similar .

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