Adani Power gets LoI to set up 2,400 MW coal-based power plant in Bihar at USD 3 bn investment

NEW DELHI: (Aug 7) Adani Power on Thursday said it has received a letter of intent (LoI) from Bihar State Power Generation Company to develop and operate a 2,400 megawatt greenfield thermal power plant in Bhagalpur District of Bihar at an investment of USD 3 billion.

The company expects to receive the LoA (Letter of Award) in due course and subsequently the Power Supply Agreement (PSA) will be executed with the state utilities.

The LoI has been awarded from Bihar State Power Generation Company Ltd (BSPGCL) to supply 2,274 MW energy North Bihar Power Distribution Company Ltd (NBPDCL) and South Bihar Power Distribution Company Ltd (SBPDCL), the Adani Group company said in a statement on Thursday.