Ahmedabad, Aug. 30 -- Adani Power on Saturday said it has received a Letter of Award (LoA) from MP Power Management Company Ltd. (MPPMCL) for the supply of power from a new 800 MW Ultrasupercritical thermal power plant to be developed in Anuppur district of Madhya Pradesh.

The project will help Madhya Pradesh meet its ever-growing electricity demand due to increased industrialisation and urbanisation.

The Adani Group company will invest Rs 10,500 crore towards setting up the plant and related infrastructure, a statement said.

Adani Power said it emerged as one of the lowest bidders in a highly competitive bidding process, with the final tariff of Rs 5.838 per kWh.

As part of the contract, the Company will supply power from a new 800 M...