With an estimated Rs. 28,000 crore being proposed to be invested in the power sector in Bihar, a senior official today urged investors to lap up huge business opportunities in transmission and distribution segments in particular.”There are booming opportunities in the power sector in Bihar, especially in transmission and distribution segments with an estimated Rs 28,000 crore likely to be spent over the next few years under various plan heads,” the Energy Secretary Sandeep Poundrik told reporters here.
“The huge investment in the power sector will be made under various schemes like the Backward Regions Grant Fund (BRGF), Accelerated Power Development and Reforms Programme’, Rajiv Gandhi Gramin Vidyutikaran Yojana (RGGVY), besides funding by other multilateral organisations and the state’s own annual plans to take the total proposed investment amount to Rs 28,000 crores,” he said.
With the state government committed to providing electricity to each village of Bihar by 2015, there exists enormous business opportunities for 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 the 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.