<h1>Private Company to Develop 2,400 MW Coal Power Plant Under DBFO Model with Fixed Rate Supply Contract</h1> A private power company received a letter of intent from a state power generation company to develop and operate a 2,400 MW coal-based thermal power plant in a district of Bihar with an investment of USD 3 billion. The project involves setting up a greenfield ultra-supercritical power plant under a Design, Build, Finance, Own, and Operate model. The company was the lowest bidder in a competitive tender, agreeing to supply power at a fixed rate per KWh. The contract includes supplying energy to two state power distribution companies. The first unit is to be commissioned within 48 months, and the final unit within 60 months from the appointed date. The plant will use coal from a government-allocated linkage and is expected to generate significant employment during construction and operation phases. The company is a major private thermal power producer with multiple plants across India.