The Bihar government awarded the 2,400 MW Bhagalpur (Pirpainti) power project to Adani Power Ltd after a competitive bidding process in which the Ahmedabad-based company quoted a lower electricity tariff than three other bidders, including Torrent Power and JSW Energy, sources said.
The Bihar government had floated an open tender for the Bhagalpur project to meet the state’s electricity demand, projected to double to over 17,000 MW by 2034-35.
Four qualified bidders participated in the tender, with Adani Power quoting the lowest electricity tariff of Rs 6.075 per kWh (or per unit), sources with direct knowledge of the bidding process said.
Adani Power emerged as the lowest bidder (L1) with a tariff of Rs 6.075 per kWh, comprising a fixed charge of Rs 4.165 and a fuel charge of Rs 1.91 per unit.
The state government described the tariff as “highly competitive”, noting that similar recent bids in Madhya Pradesh quoted higher fixed charges.
Torrent Power was the second lowest bidder offering power at Rs 6.145 per unit, while Lalitput Power Generation Co Ltd quoted Rs 6.165 and JSW Energy Rs 6.205 per unit.
The e-bidding process was conducted under standard government procedures to ensure transparency, sources said, adding that all bids were evaluated using the e-bidding procedure, ensuring full transparency and equal opportunity.