Bihar greenlights plan for clean energy push
Bihar government
on Friday announced a policy to facilitate
renewable energy
adoption in the state with benefits of streamlined single-window clearance system and 100% reimbursement of state goods and services tax (SGST), land conversion fees, and stamp duty on lease or transfer of land.
The policy also grants a 100% waiver on electricity duty for 15 years and provides long-term open access for 25 years along with full exemption from transmission and wheeling charges. "With the free ISTS (inter-state transmission system) regime drawing to a close, it is time for the industry to act. We are offering one of the most attractive policy regimes in the country-those who invest in Bihar now will fetch maximum returns and lead India's
clean energy
revolution from the front,"
Manoj Kumar Singh
, energy secretary of Bihar, said.
The policy aims to promote active stakeholder engagement in the manufacturing and deployment of renewable energy projects, while encouraging the integration of advanced and efficient technologies in both generation and storage. To support these ambitions, the policy introduces a highly competitive suite of incentives designed to attract investors and developers from across the country. As per the policy, state utilities will bear the cost of transmission and distribution infrastructure up to 10 km, with shared responsibility beyond that point.
Renewable energy projects will have "must run" status and separate feed-in tariffs tailored to different technologies, along with guarantees like minimum generation compensation, energy banking, and a robust payment security mechanism, a government statement said.
Developers will also benefit from priority access to government land on long-term leases, deemed industry status and eligibility to claim carbon credits under
UNFCCC
(United Nations Framework Convention on Climate Change) or other national schemes.
A minimum of 5% of the renewable energy budget will be allocated exclusively to research and development initiatives.
According to the Central Electricity Authority's Resource Adequacy Plan, Bihar must procure about 23 GW of renewable energy by FY30.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
7 hours ago
- Time of India
Guaranteed skill training, jobs to needy soon: Govt
Lucknow: The Yogi govt is set to launch a major initiative under its zero poverty campaign (ZPC) in UP. As part of it, members of families identified through the campaign will receive guaranteed skill training, along with stable livelihood opportunities that will ensure a steady income and a better quality of life. Chief secretary Manoj Kumar Singh said Chief Minister Yogi Adityanath's ZPC, aimed at empowering the poor, will also promote social harmony. "It can become a model for the entire country, where govt and industries work together to fight poverty," he said. Singh said that under this campaign, the head of each identified poor family will be enrolled in a guaranteed skill training program. In the first phase, heads of 300 families will receive skill training, followed by all identified families across the state. The training will be provided by the Uttar Pradesh Skill Development Mission, with support from around 1,000 training partners. The training will focus on practical, job-oriented skills in areas where employment opportunities are high. The training will follow a comprehensive 360-degree approach, focusing on seven essential skill areas — including office and toilet cleaning, guest handling, housekeeping, and hospitality. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Bosnia And Herzegovina: New Container Houses (Prices May Surprise You) Container House | Search ads Search Now Undo To boost participants' confidence in professional environments, language skills will also be a key part of the training. The training will be aligned with industry standards to ensure both quality and relevance, equipping candidates to succeed in the corporate sector, said a govt spokesperson. After the training is complete, candidates will be placed in jobs with leading national and international companies such as Hotel Taj, State Bank of India (SBI), LT Limited, Medanta, and the Adani Group. Trained individuals will earn a minimum monthly salary of Rs 18,400, helping them support their families with dignity. To note, Yogi govt's guaranteed skilling programme and guaranteed placement programme under the ZPC have received strong support from industries across the state, the country and even abroad. So far, 40 major business leaders have pledged to provide jobs to members of families identified under the campaign, reflecting the wide reach and growing success of this initiative.
India.com
a day ago
- India.com
Big WIN for Anil Ambani, Reliance Power achieves net profit of Rs 446800000 in…, Company now plans to…
Anil Ambani (File) New Delhi: In a major relief to Anil Ambani, Reliance Power has reported a consolidated net profit of Rs 44.68 crore for the quarter ended June 30, 2025 (Q1FY26), compared to a loss of Rs 98.16 crore in the year-ago period. It is important to note that the revenue from operations stood at Rs 1,885 crore, down 5.35 percent year-on-year. Reliance Power recorded a total income of Rs 2,025 crore, while EBITDA came in at Rs 565 crore. The company serviced total debt of Rs 584 crore in the June quarter. Reliance Power also highlighted that its debt-to-equity ratio stood at 0.43, lowest in the industry. Net worth rose to Rs 16,431 crore as of June 30, 2025. Sasan and Rosa plants: The 3,960 MW Sasan Ultra Mega Power Project in Madhya Pradesh, Reliance Power's flagship project, remained one of the top-performing plants in the country. According to the company, it achieved a high plant load factor (PLF) of around 91 percent. The 1,200 MW Rosa Power Plant in Uttar Pradesh also maintained operational strength, with an availability of around 97 per cent during the quarter. Here are some of the key details: Reliance NU Energies, received a Letter of Award (LoA) from state-run SJVN Limited for a 350 MW ISTS-connected Solar + Battery Energy Storage System (BESS) project. Reliance Power approves Rs 6,000 crore equity raise, Rs 3,000 crore NCD issue The project involves setting up 600 MW of solar DC capacity and 175 MW / 700 MWh of BESS capacity at a tariff of Rs 3.33/kWh through competitive bidding. Reliance Power has emerged as the country's largest player in the solar + BESS segment Reliance Power holds 2.4 GW of solar DC capacity and over 2.5 GWh of BESS capacity. The 3,960 MW Sasan Ultra Mega Power Project in Madhya Pradesh remained one of the top-performing plants in the country. The company achieved a high plant load factor (PLF) of around 91 percent. The 1,200 MW Rosa Power Plant in Uttar Pradesh also maintained operational strength, with an availability of around 97 per cent during the quarter. As per the exchange filing, the Reliance Power board approved 'raising funds up to Rs 6,000 crore through the issuance of equity shares and/or equitylinked instruments and/or other eligible securities to qualified institutional buyers by way of a Qualified Institutions Placement and/or follow-on public offer or a combination thereof.'
&w=3840&q=100)
Business Standard
2 days ago
- Business Standard
Reliance Power Q1FY26 results: Posts ₹44.7 cr profit on lower costs
Reliance Power on Saturday reported a consolidated net profit of Rs 44.68 crore for the quarter ended June 2025-26, as the company trimmed its expenses. It had posted a loss of Rs 97.85 crore in the first quarter of the preceding 2024-25 fiscal, the company said in an exchange filing. The company's total income was Rs 2,025.31 crore against Rs 2,069.18 crore in the year-ago quarter. Reliance Power managed to reduce its expenses to Rs 1,953.01 crore from Rs 2,142.51 crore in the April-June period of the last financial year. In a statement, the company said its net worth stood at Rs 16,431 crore as of June 30, 2025. The company's 1,200 MW Rosa Power Plant in Uttar Pradesh achieved a plant load factor (PLF) of 97 per cent, while its 3,960 MW Sasun Ultra Mega Power Project in Madhya Pradesh achieved 91 per cent PLF in the quarter. Reliance Power subsidiary Reliance NU Energies received a Letter of Award from SJVN Limited for the largest ISTS-connected solar and battery energy storage system (BESS) project. The project has been awarded for 350 MW ca?acity, which will require installation of 600 MW solar DC (direct current) capacity and 175 MW/ 700 MWh of battery energy storage system (BESS) capacity, at a tariff of Rs 3.33/kWh through a competitive bidding process.
