Adani Power Limited has informed the Exchange about Receipt of Letter of Intent for 2400 MW Thermal Power Project.

Adani Power has received a Letter of Intent from Bihar State Power Generation Company (BSPGCL) to set up a 2,400 MW (3x800 MW) greenfield Ultra-supercritical thermal power plant at Pirpainti, Bhagalpur, Bihar, on a Build-Own-Operate basis. The project will involve an investment of around $3 billion, with Adani Power quoting the lowest tariff of Rs 6.075 per unit in a competitive bid. The company will supply 2,274 MW to North and South Bihar power distribution companies, with the first unit to be commissioned in 48 months and all three units within 60 months, fueled by coal linkage under the government's SHAKTI Policy. The project will be funded by Adani Power and is expected to create 10,000–12,000 jobs during construction. This expands Adani Power's existing thermal capacity of 18,110 MW by roughly 13%.