Latest news with #BSPGCL
The Hindu
8 hours ago
- Business
- The Hindu
Four private power companies show interest in setting up 2400 MW plant at Pirpainti in Bihar
Four private power companies that included Adani Power, JSW Energy, Torrent Power and Bajaj Group's Lalit Power have shown interest in setting up a 2400 MW thermal power plant at Bhagalpur's Pirpainti in Bihar. It will be the largest private sector investment in the power sector in Bihar with an investment of ₹28,000 crore for the project. Under the project, three plants- one each of 800 MW capacity totaling 2400 MW- will be set up at Pirpainti as part of the Tariff Based Competitive Bidding (TBCB) process for which Bihar State Power Generation Company Limited (BSPGCL), Patna will be the nodal agency. Private power companies- Adani Power Limited, JSW Energy Limited, Torrent Power Limited, and Lalitpur Power Generation Company Limited, a subsidiary of Bajaj Group- submitted their applications following the bidding process initiated by BSPGCL, Patna. 'The generation company had on June 17, 2025 invited applications from private companies for participating in e-bidding with the last date for submission of application was June 25, 2025. The project entailing an investment of Rs 28,000 crore marks the largest private sector investment in the power sector of the state, 'A senior official of Energy Department said. The Bihar government in its cabinet meeting held on February 4, 2025 had given its in principle approval for the project. The state government has already acquired 1200 acres of land for setting up the plants and nominated M/s SBI Capital Markets Limited, Mumbai providing consultancy services for the purpose. The coal supply of 10.43 MTPA (Million Tonnes Per Annum) to the plant is likely to be linked with nearby coal block from Eastern Coalfields Ltd (ECL) while the plant would draw 60 cusecs of water from river Ganga if given clearance by the state government. 'The generation company would invite bid documents from the above mentioned power companies by July 02, 2025 while the last date for submitting bids will be July 11, 2025 and the technical bid will be opened the same day while financial bid will be opened on July 16, 2025 and 'Letter of Award' (LOA) will be issued within 30 days of the completion of the bidding process, 'the official further said. Once operational, the plants will primarily supply electricity to both the power distribution companies which cater to the needs of the state's power consumers. The two distribution companies- South Bihar Power Distribution Company Ltd and North Bihar Power Distribution Company Ltd- will have the first right to purchase power and surplus power, if any, can be sold to other buyers in the open market. The addition of new power plants would further boost and strengthen the power supply system of the state ensuring round the clock quality power supply to the consumers and agriculture and industries, accelerating the overall growth of the State.
Time of India
18 hours ago
- Business
- Time of India
Four private power companies show interest in setting up 2,400MW plant at Pirpainti
Patna: Four private power companies — Adani Power, JSW Energy, Torrent Power and Bajaj Group's Lalitpur Power — have shown interest in setting up a 2,400-MW thermal power plant at Pirpainti in Bihar's Bhagalpur district, an energy department official said here on Friday. It will be first private sector investment — a whopping Rs 21,400 crore — in power sector in Bihar. Under the project, three plants — each of 800-MW capacity — will be set up at Pirpainti as part of Tariff-based Competitive Bidding (TBCB) process, for which Bihar State Power Generation Company Limited (BSPGCL), Patna, will be the nodal agency. Private power companies — Adani Power Limited, JSW Energy Limited, Torrent Power Limited and Lalitpur Power Generation Company Limited, a subsidiary of Bajaj Group — submitted their applications following a bidding process initiated by the BSPGCL. The power generation company had on June 17 invited applications from private companies for participating in e-bidding with the last date for the submission of application being June 25. The project entailing an investment of Rs 21,400 crore marks the largest private sector investment in the power sector of the state. It may be noted that Bihar govt, in its cabinet meeting held on Feb 4, 2025, had given its in principle approval for the project. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo The state govt has already acquired 1,203 acres of land for setting up the plants and nominated M/s SBI Capital Markets Limited, Mumbai, for providing consultancy services for the purpose. Coal supply of 10.43 Million Tonnes Per Annum (MTPA) to the plant is likely to be linked with nearby coal block of Eastern Coalfields Ltd (ECL), while the plant would draw 60 cusecs of water from river Ganga if given clearance by the state govt. The BSPGCL will invite bid documents from the above-mentioned power companies by July 2, while the last date for submitting bids will be July 11. The technical bid will be opened the same day while financial bid will be opened on July 16, and "Letter of Award" (LOA) will be issued within 30 days of the completion of the bidding process. Once operational, the plants will primarily supply electricity to both South Bihar Power Distribution Company Ltd and North Bihar Power Distribution Company Ltd, which cater to the needs of the state's consumers. The two distribution companies will have the first right to purchase power and surplus power, if any, can be sold to other buyers in the open market. The addition of new power plant will ensure round the clock quality power supply to the consumers. Patna: Four private power companies — Adani Power, JSW Energy, Torrent Power and Bajaj Group's Lalitpur Power — have shown interest in setting up a 2,400-MW thermal power plant at Pirpainti in Bihar's Bhagalpur district, an energy department official said here on Friday. It will be first private sector investment — a whopping Rs 21,400 crore — in power sector in Bihar. Under the project, three plants — each of 800-MW capacity — will be set up at Pirpainti as part of Tariff-based Competitive Bidding (TBCB) process, for which Bihar State Power Generation Company Limited (BSPGCL), Patna, will be the nodal agency. Private power companies — Adani Power Limited, JSW Energy Limited, Torrent Power Limited and Lalitpur Power Generation Company Limited, a subsidiary of Bajaj Group — submitted their applications following a bidding process initiated by the BSPGCL. The power generation company had on June 17 invited applications from private companies for participating in e-bidding with the last date for the submission of application being June 25. The project entailing an investment of Rs 21,400 crore marks the largest private sector investment in the power sector of the state. It may be noted that Bihar govt, in its cabinet meeting held on Feb 4, 2025, had given its in principle approval for the project. The state govt has already acquired 1,203 acres of land for setting up the plants and nominated M/s SBI Capital Markets Limited, Mumbai, for providing consultancy services for the purpose. Coal supply of 10.43 Million Tonnes Per Annum (MTPA) to the plant is likely to be linked with nearby coal block of Eastern Coalfields Ltd (ECL), while the plant would draw 60 cusecs of water from river Ganga if given clearance by the state govt. The BSPGCL will invite bid documents from the above-mentioned power companies by July 2, while the last date for submitting bids will be July 11. The technical bid will be opened the same day while financial bid will be opened on July 16, and "Letter of Award" (LOA) will be issued within 30 days of the completion of the bidding process. Once operational, the plants will primarily supply electricity to both South Bihar Power Distribution Company Ltd and North Bihar Power Distribution Company Ltd, which cater to the needs of the state's consumers. The two distribution companies will have the first right to purchase power and surplus power, if any, can be sold to other buyers in the open market. The addition of new power plant will ensure round the clock quality power supply to the consumers.
Business Standard
a day ago
- Business
- Business Standard
Power Mech Projects gains on securing Rs 159-cr solar orders from BSPGCL
Power Mech Projects rose 1.65% to Rs 3,209.95 after the company secured Rs 159 crore solar power orders from Bihar State Power Generation Company (BSPGCL) under the PM-KUSUM C2 scheme for setting up grid-connected distributed solar plants in Bihar. The projects, awarded under the RESCO (Renewable Energy Service Company) model, aim to solarize agricultural and mixed-load feeders across various substations in Bihar. These projects will have a total installed capacity of 13.66 MW (AC) and will generate revenue through a 25-year power purchase agreement (PPA) with Bihar distribution companies NBPDCL and SBPDCL. The execution is set to be completed within 12 months. The contracts cover three main locations: Rajoun, with a capacity of 4.221 MW valued at Rs 48.29 crore; Sakahara, with 4.285 MW worth Rs 49.02 crore; and Sambhuganj, the largest, with 5.155 MW valued at Rs 61.78 crore. Each project will receive a central government subsidy of Rs 1.05 crore per MW, plus an additional Rs 0.45 crore per MW from the Bihar government. The scope of work includes the design, supply, installation, testing, commissioning, and long-term operation and maintenance of the solar power plants, along with related transmission infrastructure. Hyderabad-based Power Mech Projects is one of the leading infrastructure construction companies.
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Business Standard
a day ago
- Business
- Business Standard
Power Mech shares rise after ₹159 crore solar power project orders
Shares of Power Mech Projects rose over 2.5 per cent on Friday after it secured orders worth ₹159 crore from Bihar State Power Generation Company Limited (BSPGCL). The company's stock rose as much as 2.56 per cent during the day to ₹3,236 per share. The stock pared gains to trade 1.5 per cent higher at ₹3,201 apiece, compared to a 0.23 per cent advance in Nifty 50 as of 11:00 AM. Shares of the company extended gains to their fourth straight day on Friday, gaining over 8 per cent in the process. From its March low, the stock has surged nearly 83 per cent. The counter has risen 25 per cent this year, compared to an 8.12 per cent advance in the benchmark Nifty 50. Power Mech Projects has a total market capitalisation of ₹10,185.03 crore, according to BSE data. Track LIVE Stock Market Updates Here Power Mech bags orders worth ₹159 crore The company secured solar power project orders from BSPGCL under the PM-KUSUM Component C2 Scheme for feeder-level solarisation, according to an exchange filing on Thursday. The projects involve setting up grid-connected distributed solar power plants at three power sub-stations in Bihar, Rajoun (4.221 Mw), Sakahara (4.285 Mw), and Sambhuganj (5.155 Mw)—with a total capacity of 13.66 Mw (AC). The combined value of the contracts is approximately ₹159 crore, with estimated revenue generation over the Power Purchase Agreements (PPAs) tenure. The orders, awarded on a Build-Own-Operate (BOO) basis, will be executed within 12 months, according to the statement. The projects are backed by 25-year PPAs with Bihar DISCOMs and are eligible for government subsidies of ₹1.05 crore per Mw (central) and ₹0.45 crore per Mw (state). Power Mech Q4 results The company reported a 53.8 per cent jump in consolidated net profit to ₹129.8 crore in Q4FY25, as against ₹84.4 crore in the same quarter a year ago (Q4FY24), influenced by robust revenue growth and steady operating margins. Revenue from operations zoomed 42.34 per cent Y-o-Y to ₹1,853.3 crore in Q4FY25, from ₹1,301.5 crore in Q4FY24. About Power Mech The company is among the leading infrastructure and construction companies with a strong focus on the power and infrastructure sectors. It offers services such as the erection, testing, and commissioning (ETC) of boilers, turbines, and generators, along with Balance of Plant (BOP) works.
