Bihar Secures Renewable Power at ₹4.25 per Unit
Patna, November 11: Bihar Secures Renewable Power
Bihar is set to receive 200 megawatts of renewable electricity, following the approval from the Bihar Electricity Regulatory Commission (BERC) for a power purchase proposal via Satluj Jal Vidyut Nigam (SJVN) for a duration of 25 years. This electricity will be generated from wind and solar energy, along with a battery energy storage system (BESS), at a rate of ₹4.25 per unit. The commission has also approved the power purchase agreement.
Details of the Project
This project aims to provide 200 megawatts of electricity for four hours during peak evening hours, with the potential supply extending up to six hours when needed. The target for commissioning the project is set for June 30, 2028. Improved electricity availability during evening hours will reduce dependence on purchasing electricity from the market at higher rates during peak hours. This initiative will benefit approximately 20 million consumers.
Importance of the Initiative
The commission noted that there is a likelihood of reduced procurement of renewable energy in the coming years in Bihar, making the purchase of 200 megawatts essential. The rate of ₹4.25 per unit, obtained through a competitive bidding process, has been deemed fair and reasonable by the commission. The Central Electricity Regulatory Commission has also previously approved this rate. Additionally, the project will benefit from a 100% exemption on inter-state transmission charges for electricity obtained from the battery energy storage system.
Proposal Submission
The Bihar State Power Holding Company Limited presented this proposal on behalf of the North and South Bihar Power Distribution Companies. The objective is to meet the increasing electricity demand while fulfilling the Renewable Purchase Obligation (RPO) for renewable energy procurement.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.