Ahmedabad, Sept. 13 -- Adani Power Ltd. (APL), India's largest private sector thermal power generator, today said it has signed a 25-year Power Supply Agreement (PSA) with Bihar State Power Generation Company Ltd. (BSPGCL) for supply of 2,400 MW of power from a greenfield ultra super critical plant to be set up at Pirpainti in Bhagalpur district of Bihar.

This is further to the LoA awarded by BSPGCL to APL, on behalf of North Bihar Power Distribution Company Ltd. (NBPDCL) and South Bihar Power Distribution Company Ltd. (SBPDCL) in August.

Adani Power won the project by offering the lowest supply rate at Rs 6.075 per KWh.

The company plans to invest approximately USD 3 billion to build the new plant (800 MW X 3) and its supporting infra...