+
Bihar Approves $2.6B Thermal Plant to Boost Energy Security
POWER & RENEWABLE ENERGY

Bihar Approves $2.6B Thermal Plant to Boost Energy Security

Bihar has approved a landmark $2.6 billion greenfield thermal power project in Pirpainti, Bhagalpur district, marking the state’s largest private sector investment. The 2,400MW plant, featuring three 800MW units, aims to provide a stable electricity supply to Bihar’s 130 million residents and drive industrial growth.

The Bihar State Power Generation Company Limited (BSPGCL) has been designated as the nodal agency to oversee the tender process and execution. SBI Capital Markets Limited, Mumbai, will manage the project under a tariff-based competitive bidding (TBCB) model. The state has already acquired 1,020.60 acres for the plant, with coal linkage secured under Coal India Limited’s Shakti-V-(IV) policy.

A Strategic Shift in Bihar’s Energy Policy Currently, Bihar relies on external sources for a significant portion of its electricity, a factor that has limited economic expansion. The new project is expected to change that.

“To ensure Bihar’s energy security, the government has decided to establish this 2,400MW thermal power plant, with coal allocation already secured,” said Chief Secretary Amrit Lal Meena.

A solar power project was initially considered for Pirpainti, but a technical survey determined that a thermal plant would be more viable given the region’s coal reserves and land conditions. Energy Secretary Pankaj Kumar Pal confirmed that the decision aligns with Bihar’s long-term energy strategy.

Economic and Industrial Impact The project is expected to create thousands of jobs during construction and operation, while also attracting new industries by ensuring affordable electricity.

Energy Minister Bijendra Prasad Yadav underscored the project’s significance, stating, “Under the Chief Minister’s leadership, Bihar has created an attractive investment climate. This power plant will not only ensure reliable electricity but also contribute to reducing power costs, accelerating industrial development in the state.”

The Union Ministry of Power has endorsed the tendering process under the Tariff Policy 2016, with the project’s funding announced in the Union Budget 2024. The Centre’s backing reflects growing recognition of Bihar’s industrial potential and the need for energy self-sufficiency.

With construction set to begin soon, the Pirpainti power plant marks a major milestone in Bihar’s energy transformation.

Bihar has approved a landmark $2.6 billion greenfield thermal power project in Pirpainti, Bhagalpur district, marking the state’s largest private sector investment. The 2,400MW plant, featuring three 800MW units, aims to provide a stable electricity supply to Bihar’s 130 million residents and drive industrial growth. The Bihar State Power Generation Company Limited (BSPGCL) has been designated as the nodal agency to oversee the tender process and execution. SBI Capital Markets Limited, Mumbai, will manage the project under a tariff-based competitive bidding (TBCB) model. The state has already acquired 1,020.60 acres for the plant, with coal linkage secured under Coal India Limited’s Shakti-V-(IV) policy. A Strategic Shift in Bihar’s Energy Policy Currently, Bihar relies on external sources for a significant portion of its electricity, a factor that has limited economic expansion. The new project is expected to change that. “To ensure Bihar’s energy security, the government has decided to establish this 2,400MW thermal power plant, with coal allocation already secured,” said Chief Secretary Amrit Lal Meena. A solar power project was initially considered for Pirpainti, but a technical survey determined that a thermal plant would be more viable given the region’s coal reserves and land conditions. Energy Secretary Pankaj Kumar Pal confirmed that the decision aligns with Bihar’s long-term energy strategy. Economic and Industrial Impact The project is expected to create thousands of jobs during construction and operation, while also attracting new industries by ensuring affordable electricity. Energy Minister Bijendra Prasad Yadav underscored the project’s significance, stating, “Under the Chief Minister’s leadership, Bihar has created an attractive investment climate. This power plant will not only ensure reliable electricity but also contribute to reducing power costs, accelerating industrial development in the state.” The Union Ministry of Power has endorsed the tendering process under the Tariff Policy 2016, with the project’s funding announced in the Union Budget 2024. The Centre’s backing reflects growing recognition of Bihar’s industrial potential and the need for energy self-sufficiency. With construction set to begin soon, the Pirpainti power plant marks a major milestone in Bihar’s energy transformation.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Assam Gets Approval For 350,000 PMAY Homes

Assam Chief Minister Himanta Biswa Sarma met Union Agriculture Minister Shivraj Singh Chouhan in New Delhi, where the minister handed an approval document for 310,000 new homes under the Pradhan Mantri Awas Yojana. The chief minister subsequently posted on X expressing gratitude and noting that the minister had formally handed approval for 380,000 homes as well. The release and the social media post contained varying figures, with broader references to 350,000 homes reported in some summaries. The approvals carry central assistance equivalent to Rs 50 billion (bn), corresponding to the five th..

Next Story
Infrastructure Urban

KPIGreen Achieves Highest Energised Capacity of 630+ MW DC

KPI Green Energy energised more than 630 MW DC of capacity in the June to August quarter, marking the highest quarterly addition in the company's history. The capacity was brought online across its Independent Power Producer (IPP) and Engineering, Procurement and Construction (EPC) businesses. The company said the achievement reflected the scale, speed and consistency of its project execution engine. The firm described the quarter as a material operational milestone since its founding. The milestone covers a diversified mix of IPP assets and projects executed under the EPC vertical, spanning u..

Next Story
Infrastructure Energy

Adani Energy Solutions Wins Rs 47 bn Maharashtra Transmission Project

Adani Energy Solutions has won a transmission contract in Maharashtra valued at Rs 47 billion (Rs 47 bn) to evacuate 4,500 megawatt (MW) of renewable and storage power. The company informed exchanges that the project will facilitate pumped storage potential near Satara and strengthen the inter-regional corridor between the Western and Southern grids. The award follows a competitive bidding process and will support renewable energy evacuation to major load centres in the state. The scope includes establishment of a 765/400 kV substation at Satara, construction of a Kolhapur-Satara 765 kV double..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code