EIE Renewables to Acquire PRA Bihar Bess for 150 MWh BESS Projects in Bihar
Enviro Infra Engineers, through its subsidiary EIE Renewables, has signed an agreement to acquire PRA Bihar BESS for developing a 37.5 MW/150 MWh battery storage project in Bihar.
April 24, 2026. By Mrinmoy Dey
The target company is incorporated to establish and operate as a Special Purpose Vehicle (SPV) for the development and establishment of 37.5 MW/150MWh Battery Energy Storage System (BESS) with Viability Gap Funding (VGF) support under Build-Own-Operate & Transfer (BOOT) mode in multiple districts of Bihar, the company stated in a regulatory filing.
Under this arrangement, EIE Renewables has acquired 49 percent of the equity share of the target company, and the remaining 51 percent equity stake shall be acquired within 60 days from the Commercial Operation Date (COD) of the project awarded to the target company.
The total cost of acquisition is INR 15.51 crore, and the acquisition is expected to be completed by May 31, 2027.
A capex of approximately INR 150 crore is proposed for the said project, which shall be funded by EIE Renewables from its internal sources, along with the term loan from banks/financial institutions.
The project will also receive viability gap funding of up to INR 27 lakh/MWh, helping lower initial investment and improve overall feasibility.
The Battery Energy Storage Purchase Agreement (BESPA) has been signed with Bihar State Power Holding Company, North Bihar Power Distribution Company, and South Bihar Power Distribution Company at a tariff of INR 4.44 lakh/MW/month for 12 years, the company stated.
please contact: contact@energetica-india.net.
Ratul Puri
Chairman
Geopolitics Reshaping Solar Strategy, Says Hindustan Power's Chairman Ratul Puri
Bhavesh Patidar
Founder and Director
Solar Shifts Farming from Constraint to Opportunity, Says Solarsure’s Bhavesh Patidar
Pankaj Tyagi
VP - Solar and Storage
Solar Plus Storage Is Key to India’s Clean Energy Future: BluPine’s Pankaj Tyagi
Ravi Rao
Founder and MD
We Aim to Build 5 GW Capacity Across the Entire Solar Value Chain, Says Future Solar's Ravi Rao
Manish Gupta
Director – Technical Sales & Marketing
Solar to BESS: Reliability Begins with Advanced Sealants, Explains Manish Gupta, Fasto Adhesive