Bihar Powers Ahead: Major Investments in Pumped Storage Projects

Bihar State Power Generation Company Ltd signed MoUs for 2,120 MW pumped storage projects in Nawada, worth Rs 13,000 crore. Joint ventures with GreenCo and Sun Petrochemicals aim to enhance renewable integration and energy security in the state, with significant job creation and investment in infrastructure.

The Bihar State Power Generation Company Ltd has inked agreements with private developers to establish pumped storage projects totaling a 2,120 MW capacity in Nawada district. The collaborations, aiming for a capital investment of Rs 13,000 crore, were finalized in the presence of Chief Minister Nitish Kumar and key officials.

As part of the Bihar Pump Storage Project Promotion Policy, 2025, these projects seek to boost energy security and renewable integration. GreenCo Energies Pvt Ltd plans a 1,200 MW project at an investment of Rs 7,800 crore in Ekamba village, while Sun Petrochemicals Pvt Ltd will develop a 920 MW facility in Gosaitari village, costing Rs 5,200 crore.

The storage projects leverage natural elevation in Nawada's hilly terrain, storing water during monsoons for energy generation in peak demand, enhancing grid stability. With a combined energy capacity of 14,281 MWh, Bihar aims to fulfill growing electricity needs and contribute to India's 2070 net zero goal.

(With inputs from agencies.)