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 have claimed.
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 claimed.
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.
Adani’s planned investment of around Rs 30,000 crore in the power project is expected to play a key role in boosting industrial activity and creating jobs.
The award of the project has kicked up a political row in Bihar, which is in the midst of electioneering to elect a new government. The Congress has latched on to former union minister RK Singh’s claim of a “scam” in the power purchase to attack the ruling BJP.
Congress leader KC Venugopal, on Friday, in a post on X, alleged that the Adani Group was receiving “red carpet treatment” in Bihar.
“The proposal for Bihar to purchase power at an inflated price of Rs 6/unit is yet another example of a complete drain of wealth from the poor and middle classes into the coffers of Modi’s cronies,” he alleged.
Sources, however, said the Rs 6.075 per kWh tariff discovered through bidding was highly competitive, especially given recent cost escalations in power generation inputs. It includes a fixed charge of Rs 4.165 and a fuel charge of Rs 1.91 per kWh.
A recent 3,200 MW bid in Madhya Pradesh discovered higher fixed charges of Rs 4.222 to Rs 4.298 per kWh (against fixed charges of Rs 4.165 for the Bhagalpur project).
The Bihar tariff is among the lowest for comparable projects, according to sources.
The project, originally conceived in 2012 by the Bihar State Power Generation Company Ltd (BSPGCL), was relaunched in 2024 after several unsuccessful attempts to attract developers.
Officials said the land for the project, acquired over a decade ago, remains fully owned by the state and has been leased to the developer at a nominal rent under the Bihar Industrial Investment Promotion Policy 2025 – a standard incentive extended to all investors. The land will revert to the government after the project term.
They said Adani Power received no special concessions and will be responsible for developing and operating the plant to supply reliable power to Bihar.
The project is expected to boost industrial growth and employment in the region.
Bihar has seen little significant private investment over the past 50 years, with virtually no new large industrial projects in the last five years, even as other states have experienced rapid industrial growth.
Adani Power quoted tariffs lower than Torrent, JSW to win Bihar’s 2,400 MW Bhagalpur project tender
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 have claimed.
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 claimed.
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.
Adani’s planned investment of around Rs 30,000 crore in the power project is expected to play a key role in boosting industrial activity and creating jobs.
The award of the project has kicked up a political row in Bihar, which is in the midst of electioneering to elect a new government. The Congress has latched on to former union minister RK Singh’s claim of a “scam” in the power purchase to attack the ruling BJP.
Congress leader KC Venugopal, on Friday, in a post on X, alleged that the Adani Group was receiving “red carpet treatment” in Bihar.
“The proposal for Bihar to purchase power at an inflated price of Rs 6/unit is yet another example of a complete drain of wealth from the poor and middle classes into the coffers of Modi’s cronies,” he alleged.
Sources, however, said the Rs 6.075 per kWh tariff discovered through bidding was highly competitive, especially given recent cost escalations in power generation inputs. It includes a fixed charge of Rs 4.165 and a fuel charge of Rs 1.91 per kWh.
A recent 3,200 MW bid in Madhya Pradesh discovered higher fixed charges of Rs 4.222 to Rs 4.298 per kWh (against fixed charges of Rs 4.165 for the Bhagalpur project).
The Bihar tariff is among the lowest for comparable projects, according to sources.
The project, originally conceived in 2012 by the Bihar State Power Generation Company Ltd (BSPGCL), was relaunched in 2024 after several unsuccessful attempts to attract developers.
Officials said the land for the project, acquired over a decade ago, remains fully owned by the state and has been leased to the developer at a nominal rent under the Bihar Industrial Investment Promotion Policy 2025 – a standard incentive extended to all investors. The land will revert to the government after the project term.
They said Adani Power received no special concessions and will be responsible for developing and operating the plant to supply reliable power to Bihar.
The project is expected to boost industrial growth and employment in the region.
Bihar has seen little significant private investment over the past 50 years, with virtually no new large industrial projects in the last five years, even as other states have experienced rapid industrial growth.
