Bihar Approves $2.6B Thermal Plant to Boost Energy Security

03 Mar 2025 CW Team

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.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

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.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..