Bihar Signs MoUs for 2,357MW of Green Power, Attracting Rs 5,337 Crore Investment

Strategic Insights -

In a major push for clean energy, the state energy department in Bihar signed four memorandums of understanding (MoUs) with prominent power companies to develop 2,357MW of green power, involving an estimated investment of Rs 5,337 crore. The MoUs were formalised during the launch of two ambitious policies aimed at fostering green energy development and attracting major investment into the sector. The policies aim to unlock massive opportunities in solar, wind, biomass, and newer technologies like green hydrogen and pumped storage systems.

Key Takeaways:

  • The state energy department signed four MoUs with prominent power companies to develop 2,357MW of green power.
  • The estimated investment for the green power projects is Rs 5,337 crore.
  • The Bihar Policy for Promotion of New & Renewable Energy Sources 2025 and the Bihar Policy for Promotion of Pumped Storage Project 2025 were launched to foster green energy development and attract major investment.
  • The policies aim to unlock opportunities in solar, wind, biomass, and newer technologies like green hydrogen and pumped storage systems.
  • Bihar Renewable Energy Development Agency (BREDA) partnered with Avaada Group to develop 1,000 MW of ground-mounted and floating solar projects.
  • BREDA also joined hands with SECI Ltd to set up floating solar and other renewable energy projects, cumulatively valued at Rs 3,000 crore.
  • The battery energy storage project at Kajra in Lakhisarai will be established by the BSPGCL in partnership with L&T, with an investment outlay of Rs 837 crore.
  • The Bihar State Power Generation Company Ltd (BSPGCL) also signed an MoU with NTPC Green to develop a 1,000MW battery energy storage system (BESS) with an estimated cost of Rs 1,500 crore.
  • Energy minister Bijendra Prasad Yadav urged investors to look towards Bihar's growing potential, stating that the state is open to amending the policy in the future.

Statistics:

  • 2,357MW of green power will be developed through the signed MoUs.
  • The estimated investment for the green power projects is Rs 5,337 crore.
  • 1,000 MW of ground-mounted and floating solar projects will be developed by BREDA and Avaada Group.
  • Rs 837 crore will be invested in the battery energy storage project at Kajra in Lakhisarai.
  • Rs 3,000 crore will be invested in floating solar and other renewable energy projects by BREDA and SECI Ltd.
  • The Bihar State Power Generation Company Ltd (BSPGCL) will develop a 1,000MW battery energy storage system (BESS) with an estimated cost of Rs 1,500 crore.

Sources:

  • Times of India
  • Bihar State Energy Department
  • Bihar Renewable Energy Development Agency (BREDA)
  • L&T
  • NTPC Green
  • Avaada Group
  • SECI Ltd