India-based private sector thermal power generator Adani Power has secured a letter of award (LoA) to set up a 2,400MW greenfield ultra-supercritical plant in Pirpainti, in the Bhagalpur district of Bihar, India.
The company will supply electricity generated by the plant under a 25-year contract signed with the Bihar State Power Generation Company Limited (BSPGCL).
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This contract was made on behalf of the two state utilities, the South Bihar Power Distribution Company Limited (SBPDCL) and the North Bihar Power Distribution Company Limited (NBPDCL).
Adani Power received a letter of intent (LoI) from BSPGCL in August 2025.
The next step will be the signing of the power supply agreement (PSA) between the companies.
The power demand of the country is anticipated to surge in the upcoming years, with peak requirement expected to climb from the current approximately 250GW to around 400GW by 2031-32 and more than 700GW by 2047.
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By GlobalDataThe increase is driven by rapid industrialisation, urbanisation and population growth.
Thermal power is projected to continue as a vital part of India’s energy security, offering essential base-load and grid balancing support.
The government has planned for an additional thermal capacity of 100GW by 2035 to meet the rising power requirements.
Adani Power CEO SB Khyalia stated: “Adani Power, as India’s largest private sector thermal power producer, has consistently demonstrated the capability to deliver dependable capacity at scale.
“With our upcoming ultra-supercritical, high-efficiency Pirpainti project in Bihar, we are setting new benchmarks in operational excellence and sustainability. This plant will provide affordable and uninterrupted power to the people of Bihar, catalysing industrialisation, strengthening the state’s economy and supporting the prosperity of its people.
“Through projects such as this, Adani Power remains committed to playing a leading role in securing India’s energy future.”
Adani Power had won the project in a tariff-based competitive bidding process, offering the lowest supply price of Rs6.075 ($0.069) per kilowatt hour.
The company plans to invest $3bn in establishing the plant and associated infrastructure.
The project is expected to create between 10,000 and 12,000 direct and indirect jobs during the construction phase and 3,000 jobs once operational.
