Adani Power, for instance, recently won a letter of award (LoA) to construct a 2,400MW ultra-supercritical thermal power plant. This new greenfield project will be based in Pirpainti, in the Bhagalpur district of Bihar, India. This transformative project will dramatically bolster the state’s energy arteries. It should be paired with a big investment — at least $3 billion — toward its creation and the complementary infrastructure that will accompany it.
This cutting-edge facility will produce clean renewable electricity for at least the next 25 years. We will provide this power with a long-term power purchase agreement with the Bihar State Power Generation Company Limited (BSPGCL). This agreement is particularly noteworthy as it was made on behalf of two state utilities: the South Bihar Power Distribution Company Limited (SBPDCL) and the North Bihar Power Distribution Company Limited (NBPDCL).
Economic Impact and Job Creation
Building the Pirpainti plant is projected to directly result in a significant wave of employment opportunities across the country, including for the northeastern region. During the construction phase of the project, it is expected to create 10,000-12,000 direct and indirect jobs. Once operational, the plant is projected to deliver about 3,000 jobs, bolstering area employment and economic growth even more.
The project’s significance extends beyond job creation. Adani Power resolves to support the Bihar government in its mission of providing affordable and uninterrupted power to the people of Bihar. SB Khyalia, our new CEO, pointed to our future ultra-supercritical, high efficiency Pirpainti project in Bihar as a shining example. This transformative initiative has been establishing higher standards for operational excellence and sustainability. This new development will jumpstart further industrialization throughout the state. In doing so, it will make the economy more competitive and increase the long-term wealth of its people.
Meeting Rising Energy Demands
In fact, India’s energy demand is expected to grow by the size of the U.S. energy market over just the next decade. At present, estimates suggest that peak power demand would increase from around 250GW to almost 400GW by 2031-32. By 2047, they could surpass 700GW even. And the Indian government is trying to get ahead of this demand. More ambitiously, they are going to add net new thermal capacity of 100GW by 2035.
Thermal power continues to be the bedrock of India’s energy plan, offering indispensable base-load support and grid balancing flexibility. Adani Power’s investment at the Pirpainti facility will help create a more robust national energy security. This investment is the most effective way to address the growing demand for electricity.
“Through projects such as this, Adani Power remains committed to playing a leading role in securing India’s energy future.” – Adani Power CEO SB Khyalia
Future Prospects
Construction of the Pirpainti thermal power plant should start soon, but no timelines have been made public yet. Adani Power is still plowing ahead with plans to become India’s largest private sector thermal power producer. As the company has done many times before, they are bringing a proven, reliable energy solution at an enormous scale.