Huge business opportunities beckon in power sector in Bihar
By PTI | 28 Jul, 2013, 08.04PM ISTPATNA: With an estimated Rs 28,000 crore being proposed to be invested in 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 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 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 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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