Bihar takes stride for power project development - Makes tripartite JV with BSEB and IL&FS Infrastructure Development Corp
December 15, 2007
Taking a leap forward for development of power starved Bihar the State Government on Friday (14 December) made a tripartite joint venture with Bihar state Electricity Board and the IL&FS Infrastructure Development Corporation Limited for carrying out all technical studies, facilitation of land acquisition, obtaining all statutory clearances and selecting a suitable implementation of agency on the basis of tariff based competitive bidding.
The Government believed that the joint venture would help identification and mitigation of risk and time bound implementation resulting in power generation at very competitive tariffs that would maximize the benefits of the Government. The current allocation of power from Centre is to the tune of around 1170 MW, whereas the peak requirement of power in the state is around 1800 MW.
According to an estimate the power requirement by the year 2011-12 would be 3706 MW. It is in order to meet that challenge and requirement of power the state government on Friday (14 December) went into a substantial venture with IL&FS Infrastructure Development Corporation Ltd. The development activities for the power projects are targeted to be completed in 9-12 months.