The Bihar state energy department signed four memorandums of understanding (MoUs) with prominent power companies on Saturday to develop 2,357MW of green power, involving an estimated investment of INR 5,337 crore. The agreements were formalized during the launch of two ambitious policies aimed at fostering green energy development and attracting major investment into the sector.

Policy Launch and Strategic Framework

The MoUs were signed during the launch of the Bihar Policy for Promotion of New & Renewable Energy Sources 2025 and the Bihar Policy for Promotion of Pumped Storage Project 2025 at an event held at Gyan Bhawan. Energy minister Bijendra Prasad Yadav formally launched the two policies in the presence of industries minister Nitish Mishra, additional chief secretary of the industries department Mihir Kumar Singh, energy secretary Manoj Kumar Singh and the managing director of Bihar State Power Generation Company Ltd (BSPGCL) Mahendra Kumar.

The renewable energy policy is expected to unlock massive opportunities in solar, wind, biomass and newer technologies like green hydrogen and pumped storage systems. Several industry leaders and public sector representatives were also present at the event.

Major Partnership Agreements

Among the MoUs signed, the BSPGCL partnered with L&T to establish a 116MW/241 MWh battery energy storage project at Kajra in Lakhisarai with an investment outlay of INR 837 crore. BSPGCL also signed an MoU with NTPC Green to develop a 1,000MW battery energy storage system (BESS) with an estimated cost of INR 1,500 crore.

The Bihar Renewable Energy Development Agency (BREDA) inked an MoU with Avaada Group to develop 1,000 MW of ground-mounted and floating solar projects, subject to feasibility. BREDA also joined hands with SECI Ltd to set up floating solar and other renewable energy projects, cumulatively valued at INR 3,000 crore.

Government Vision and Investment Appeal

Addressing a gathering of representatives from leading renewable energy firms, PSUs and industry stakeholders, energy minister Yadav urged investors to look towards Bihar's growing potential. "We want to tap solar energy, a non-conventional source, for Bihar's development. For this, we have introduced a new policy. The policy is aimed at protecting our future generations. We need investment in the renewable energy sector for the country's development and the creation of employment opportunities," Yadav said. He added, "We must reduce carbon emissions to mitigate the effects of global warming and safeguard human lives." Urging industry not to be swayed by isolated incidents of crime, Yadav said, "Come and invest in Bihar. If required, we are open to amending the policy in future. Don't judge the state by a few incidents. Bihar has made significant progress."

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