Ahmedabad, May 10 -- Adani Power said on Saturday that it won a tightly contested bid to supply 1500 MW (net) of thermal power to Uttar Pradesh.

As part of the contract, the Adani Group company will supply power at a highly competitive tariff of Rs 5.383 per unit from a greenfield 2x800 MW (1500 MW net) Ultra-supercritical power plant to be set up in the state under the Design, Build, Finance, Own, and Operate (DBFOO) model.

This is further to the Uttar Pradesh cabinet, which approved the project earlier this month.

The Company will now sign a long-term Power Supply Agreement (PSA) with Uttar Pradesh Power Corporation Ltd. (UPPCL) under the Letter of Award (LoA) received today, Adani Power said in a statement.

"We are happy to have wo...