Mumbai, May 12 -- Adani Power has received a Letter of Award (LOA) from Uttar Pradesh

Power Corporation (UPPCL) for procurement of 1,500 MW from a new

thermal power project of 2x800MW (1600 MW) installed capacity situated in the State of Uttar Pradesh for a period of 25 years.

As part of the contract, the 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 under the

Design, Build, Finance, Own, and Operate (DBFOO) model in the state.

This is further to the Uttar Pradesh cabinet approving the project earlier this month. The Company will now sign a long-term Power Supply Agreement (PSA) with Uttar Pradesh Power Corporation (U...