Wedoany.com Report-Sept. 16, India’s Adani Power Limited (APL) has entered into a 25-year power supply agreement (PSA) with Bihar State Power Generation Company Limited (BSPGCL) to provide 2.4GW of electricity. The supply will come from a planned greenfield ultra-supercritical power plant at Pirpainti in Bihar.

The project is expected to be operational within 60 months.

The agreement was finalized after BSPGCL issued a letter of award to Adani Power last month, representing both North Bihar Power Distribution Company Limited and South Bihar Power Distribution Company Limited. Adani Power secured the project by offering the lowest tariff of Rs6.075 ($0.06) per kilowatt hour.

The project involves an investment of about $3 billion to develop three generating units of 800MW each. It will follow a design, build, finance, own, and operate model. According to the timeline, the plant is expected to be operational within 60 months.

During construction, the development is anticipated to generate around 12,000 direct and indirect jobs. Once operational, the facility will support approximately 3,000 positions. The coal required for the project has been allocated under India’s SHAKTI Policy, which facilitates transparent coal allocation for power generation.

This new initiative follows Adani Power’s recent acquisition of Vidarbha Industries Power Limited in Nagpur, Maharashtra. The Vidarbha facility consists of two 300MW coal-fired power units located in Butibori, in Nagpur district. This acquisition reflects the company’s strategy of expanding its power generation portfolio to meet India’s rising electricity requirements.

The Pirpainti project highlights APL’s approach to adopting advanced technology. The ultra-supercritical design aims to achieve higher efficiency and lower emissions compared with conventional plants. By using larger generating units, the facility is expected to optimize output while aligning with India’s broader energy infrastructure needs.

India’s power demand is projected to increase significantly over the next two decades. Estimates suggest peak demand will grow from the current level of around 250GW to about 400GW by 2031-32 and could exceed 700GW by 2047. To meet this rising requirement, both public and private sector initiatives are focusing on expanding capacity while balancing fuel availability and infrastructure development.

The Pirpainti plant is positioned as an important part of this expansion. With its scale, technology, and long-term power supply agreement, the project aims to provide reliable electricity for Bihar while contributing to India’s overall energy security.

Adani Power’s combined investments, including the Pirpainti plant and the Vidarbha acquisition, underscore its commitment to strengthening power generation capacity. These steps are expected to support India’s economic growth by ensuring adequate and stable electricity supply to industries, businesses, and households.

Overall, the agreement between Adani Power and BSPGCL represents a major milestone in India’s energy sector. With significant capacity, long-term investment, and job creation, the project reflects the ongoing efforts to meet rising demand and modernize power infrastructure.