Adani Power on Saturday (September 13, 2025) announced plans to set up a 2,400 MW ultra super-critical power plant in Bihar at an investment of $3 billion (around Rs 26.48 billion).

The company has signed a 25-year Power Supply Agreement (PSA) with Bihar State Power Generation Company Ltd (BSPGCL) to supply electricity from the project, which will be located at Pirpainti in Bhagalpur district.

The PSA follows a Letter of Award issued by BSPGCL to Adani Power on behalf of North Bihar Power Distribution Company Ltd (NBPDCL) and South Bihar Power Distribution Company Ltd (SBPDCL) in August. Adani Power secured the project by offering the lowest supply rate at Rs 6.075 per kWh.

The company plans to invest approximately $3 billion to build the new plant—comprising three 800 MW units—and its supporting infrastructure under the Design, Build, Finance, Own, and Operate (DBFOO) model. The plant is expected to be commissioned within 60 months.

Coal linkage for the project has been allocated under the Government of India’s SHAKTI Policy.

The project is expected to generate direct and indirect employment for 10,000–12,000 people during construction and 3,000 once operational.

Part of the Gautam Adani-led conglomerate, Adani Power is India’s largest private thermal power producer, with an installed capacity of 18,110 MW.