Monday, July 29, 2013

Bihar to invest Rs 28,000 crore in power sector

Bihar Energy Secretary Sandeep Poundrik has urged investors to lap up huge business opportunity to invest in state’s power sector particularly in transmission and distribution field.

The secretary further said the state is likely to invest around Rs 28,000 crore in the power sector in the next few years under various schemes like the Backward Regions Grant Fund (BRGF), Accelerated Power Development and Reforms Programme', Rajiv Gandhi Gramin Vidyutikaran Yojana (RGGVY).

With the state government committed to provide electricity to each village of Bihar by 2015, there was enormous business opportunities beckoning on the private investors to lap up projects in distribution and transmission segments, he said.

Poundrik, who is also the Chief Managing Director (CMD) of the Bihar Power Holding Company Ltd, sought to woo the investors in power sector by assuring them that the law and order situation has improved and the road infrastructure laid throughout Bihar makes it a perfect environment for the investors to do business in the power sector in the state.

He said that the Bihar State Power Holding Company Ltd has recently held conferences on the topic - 'Destination Bihar' in New Delhi, Hyderabad and Bombay to woo the investors.

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