Mumbai, May 12 -- The power will be supplied from a greenfield ultra-supercritical thermal power plant with a 2x800 MW configuration (1,500 MW net capacity), which the company will set up in the state under the Design, Build, Finance, Own, and Operate (DBFOO) model.
The proposed project, with an estimated investment of around $2 billion (approximately Rs 16,600 crore), received formal clearance from the Uttar Pradesh cabinet earlier this month. Following the issuance of the letter of award (LoA) today, Adani Power is set to enter into a long-term power supply agreement (PSA) with Uttar Pradesh Power Corporation (UPPCL).
S B Khyalia, Chief Executive Officer, Adani Power, said, "We are happy to have won the competitive bid to supply 1,500 M...