In a significant step towards clean energy development, the Bihar energy department on Saturday signed four memorandums of understanding (MoUs) with leading power companies to develop 2,357 MW of renewable energy, backed by a total investment of ₹5,337 crore, reports The Economic Times.
The agreements were signed during the launch of two new state policies — the Bihar Policy for Promotion of New & Renewable Energy Sources 2025 and the Bihar Policy for Promotion of Pumped Storage Project 2025. The event was held at Gyan Bhawan and attended by top government officials and representatives from public and private sector firms.
The new policies are aimed at encouraging investment in green energy sources such as solar, wind, biomass, green hydrogen, and pumped storage systems.
Energy minister Bijendra Prasad Yadav officially unveiled the 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 BSPGCL managing director Mahendra Kumar. Industry leaders and public sector officials also took part in the event.
Among the key MoUs signed:
Bihar State Power Generation Company Ltd (BSPGCL) will partner with L&T to set up a 116 MW/241 MWh battery energy storage project at Kajra in Lakhisarai, with an investment of ₹837 crore.
BSPGCL also signed an MoU with NTPC Green to develop a 1,000 MW battery energy storage system, with an estimated investment of ₹1,500 crore.
Bihar Renewable Energy Development Agency (BREDA) entered into an agreement with Avaada Group to establish 1,000 MW of ground-mounted and floating solar power projects, pending feasibility studies.
BREDA also partnered with SECI Ltd to develop floating solar and other renewable projects, with a total investment of ₹3,000 crore.
Speaking at the event, Energy Minister Yadav encouraged companies to invest in Bihar’s renewable energy sector. “We are committed to harnessing solar energy for Bihar’s growth. This new policy is a step towards securing the future of our coming generations,” he said.
He added, “We must lower carbon emissions to reduce the impact of climate change and protect human life.”
Addressing industry concerns, Yadav also urged investors not to be discouraged by isolated incidents. “Bihar has come a long way. If needed, we are open to improving the policy further. Don’t let a few incidents define the state — there are great opportunities here,” he said.
