New Delhi:In a major development Gautam Adani-led Adani Power has announced that it has secured a Letter of Intent (LoI) from the Bihar State Power Generation Company Ltd (BSPGCL) to develop and operate a 2400 megawatt greenfield thermal power plant in Bhagalpur District Bihar. According to the company the investment will be worth Rs USD 3 billion. The project is likely to play a pivotal role in pushing the states industrial growth. We have won the bid to develop and operate a 2400 MW thermal power project in Bihar. We will set up a new greenfield plant with an investment of USD 3 billion which is expected to further aid industrialization in the state said S B Khyalia CEO of Adani Power. Khyalia further added that the new plant would be an advanced low-emission ultra-supercritical power station designed to supply dependable competitively priced and high-quality power to the state. It is important to note that Adani Power is Indias largest private thermal power producer. The company has installed thermal power capacity of 18110 MW across 12 plants in various states including Gujarat Maharashtra and Karnataka. Here are some of the key details: Adani Power emerged as the lowest bidder in a competitive tender process The company will supply 2274 MW of energy to the North Bihar Power Distribution Company Ltd (NBPDCL) and South Bihar Power Distribution Company Ltd (SBPDCL) at a supply price of Rs 6.075 per KWh. The company is likely to receive the Letter of Award (LoA) soon followed by the execution of a Power Supply Agreement (PSA) with the state utilities. The new facility will be a 3x800 MW ultra-supercritical power plant built under the Design Build Finance Own and Operate (DBFOO) model. The first unit of the plant is scheduled to be commissioned within 48 months from the appointed date and the last unit will be operational within 60 months. The project is set to generate significant employment According to the reports the project will generate an estimated 10000-12000 jobs during the construction phase and 3000 jobs once the plant is operational. Fuel for the power plant will be sourced from the allocated coal linkage under the Government of India’s SHAKTI Policy.