BSPGCL Signs Two MoUs to Boost Renewable Energy and Storage Capacity
BSPGCL has signed two MoUs in the presence of the Bihar Chief Minister and Energy Minister to strengthen the state’s renewable energy generation and storage capacity, including plans to develop two 2,120 MW pump storage power projects in Nawada at an investment of INR 13,000 crore, to be completed within six years.
December 17, 2025. By News Bureau
The event was also attended by Deputy Chief Ministers Samrat Choudhary and Vijay Kumar Sinha, Energy Minister Bijendra Prasad Yadav, and Water Resources Minister Vijay Kumar Chaudhary, along with senior state officials and power sector leadership.
With the objective of strengthening energy security and promoting renewable energy in the state, the Bihar government has implemented the Pump Storage Policy-2025. Based on this policy, BSPGCL has selected two agencies - GreenCo Energies and Sun Petrochemicals. Both these projects are proposed in the hilly areas of Nawada district, where the natural height difference is suitable for pump storage arrangement. The energy storage capacity of the project proposed by GreenCo Energies is 7,308 megawatts and the capacity of the Sun Petrochemicals project is 6,973 megawatts. Thus, the combined capacity of both projects is 14,281 megawatts.
These two projects will bring an investment of INR 13,000 crore to the state. During the construction phase of the project, nearly 8,000 people will get employment. Through these projects, Bihar will gain unprecedented capacity for integration of renewable energy, peak demand management, and maintaining grid stability. This will enable electricity consumers to get electricity at cheaper rates. This initiative, started under the state government's pump storage policy, is an important step towards making Bihar self-reliant and technically capable in the energy sector in the future.
Speaking on the occasion, Nitish Kumar, CM, Bihar, said, "These projects will enhance the state's energy security and self-reliance.”
Electricity generation and grid stability in the state will increase. It will particularly help in balancing renewable sources like solar and wind energy. These projects will also enhance the state's energy security and self-reliance. This reflects Bihar's major step in the energy sector.
"Energy department is committed to providing uninterrupted and clean electricity to the people and industries of Bihar,” said Bijendra Prasad Yadav.
Highlighting the importance of the projects, Energy Minister Bijendra Prasad Yadav said, "Under the visionary leadership of Chief Minister Nitish Kumar, the energy department is committed to providing uninterrupted and clean electricity to the people and industries of Bihar. There has been no electricity consumption problem in the state for the past five years."
Further, he appealed to investors, saying, "Investors should survey in Bihar and present their utilities and industrial sectors to the government. In Bihar's growing development environment, the Bihar government is committed to energy conservation and employment generation. These two projects will not only help in fulfilling the state's energy needs, but will also prove to be an important initiative towards achieving India's Net Zero emission target of 2070."
Under the project, pump storage power houses with capacities of 1,200 MW will be constructed in Ekamba village and 920 MW in Gosaitari village of Nawada district. In both these projects, using off-stream and closed-loop systems, water from the Dhanerjay and Sakri rivers will be stored during monsoon and renewable energy will be generated from it. This technology has no adverse impact on the natural flow of rivers and will play an important role in grid stability.
For the state's economic development and employment generation, the Bihar government has prepared an action plan for investment of INR 50 lakh crore in the next five years. It is noteworthy that this is the first MoU between the Bihar government and investors after the formation of the new government in Bihar, with a total value of INR 13,000 crore. Both these projects will be completed by the selected agencies at their own expense.
GreenCo Energies will invest INR 7,800 crore in Ekamba and Sun Petro Chemicals will invest a total of INR 5,200 crore in Gosaitari. BSPGCL, under the energy department, will provide all necessary support to both agencies. Both projects will be completed in three years.
please contact: contact@energetica-india.net.
Rajat Singh
Co-founder and CEO
Why Unified Intelligence is Key for C&I Renewables? Rajat Singh of EarthSync Answers
Nidhi Sharma
Director
R&D is an Integral Part of Zuvay Technologies' Growth Strategy, Says Director Nidhi Sharma
Anilkumar Mukundan
President – Sales
How Can India–Sweden Partnership Drive Decarbonisation?
Rajiv Kumar
CEO
What’s Behind Vedanta Aluminium’s Clean Energy Push? Rajiv Kumar Answers
Nirmal Reddy
President
Electric Mobility Success Depends on Execution, Not Intent, says ETO Motors’ Nirmal Reddy