In what could become the biggest private investment in Bihar’s power sector, four major energy companies have lined up to build a 2,400 MW thermal power plant in Pirpainti, Bhagalpur.
Adani Power, JSW Energy, Torrent Power, and Bajaj Group’s Lalitpur Power Generation Company have each submitted proposals to develop the project, which is expected to cost around ₹28,000 crore. The planned facility will comprise three units of 800 MW each, spread across approximately 1,200 acres already acquired by the state government.
The Bihar State Power Generation Company Limited (BSPGCL), which is overseeing the project as the nodal agency, opened the bidding process on June 17. The deadline for financial bids from qualified players is July 11, with the bids scheduled to be opened on July 16. Authorities expect to issue the letter of award within 30 days of bid evaluation.
The state cabinet had granted in-principle approval for the ambitious project back in February. Under the current plan, the land will be leased to the successful developer at concessional rates to help ensure affordable power tariffs for consumers.
Coal for the plant—estimated at 10.43 million tonnes annually—will be sourced from Eastern Coalfields Ltd’s nearby mines. Water requirements, roughly 60 cusecs, will be met by drawing from the Ganges.
Once operational, the new power station will primarily supply electricity to Bihar’s two state-run distribution companies: South Bihar Power Distribution Company Ltd and North Bihar Power Distribution Company Ltd. Any surplus capacity will be available for sale in the open market.
Officials say this massive addition to Bihar’s energy infrastructure will play a vital role in strengthening the state’s power security, supporting domestic, industrial, and agricultural consumers while accelerating economic growth.
M/s SBI Capital Markets Limited, Mumbai, has been appointed as the consultant to manage the tendering process and advise on project development.
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