India’s Adani Power Ltd are on the verge of a deal to construct $2.2bn coal-fired power plant in in Jharkhand.
Reuters reports that the utility, controlled by billionaire Gautam Adani, plans to build two power units with a total capacity of 1,600 MW with commencement of the development at the end of this year.
Unnamed sources told the news agency a deal could be concluded by the end of this month.
The electricity generated from the Jharkhand units would be sold to power-deficient Bangladesh, where Gautam Adani is trying to expand as part of his goal to make the group a multinational energy and infrastructure conglomerate.
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