Adani Power signs power supply agreement with government of Bihar
Adani Group's power arm, Adani Power, has signed a 25-year Power Supply Agreement (PSA) with Bihar State Power Generation Company Ltd. (BSPGCL). The agreement is for the supply of 2,400 MW of power from a greenfield ultra-supercritical plant to be set up at Pirpainti in Bhagalpur district, Bihar.
AdPower Ltd. (APL) plans to invest approximately $3 billion to build the new plant (800 MW x 3) and its supporting infrastructure under the Design, Build, Finance, Own, and Operate (DBFOO) model.
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