| Energy minister Bijendra Prasad Yadav and (right) Power Grid Corporation executive director Arun Kumar at the signing of the MoU in Patna on Saturday. Picture by Nagendra Kumar Singh |
Patna, Dec. 29: Bihar State Power (Holding) Company Ltd (BSPHCL) today signed a memorandum of understanding with Power Grid Corporation of India Ltd (PGCIL) to form a joint venture company and strengthen the transmission system across the state.
The 50:50 joint venture firm — Bihar Grid Company Ltd —would start work from April 2, 2013 to speed up the process of supplying power from generation plants.
Energy minister Bijendra Prasad Yadav said: “The state will get 4,500MW of power by June 2015. There is no doubt in getting this amount of power. There was a problem of transmission, which would now be taken care of by the joint venture firm.”
“The state would receive around 8,000MW (including the central sector allocation) by the end of 2016-17. The government is working on all fronts — generation, transmission and distribution — simultaneously. People who criticised the government, would witness a perceptible change in the power scenario by 2015,” the minister said.
Sources said Bihar State Power Holding Company could only replace 15,500km to 16,000km of transmission lines till date against the dilapidated 72,000km in the state.
“It is expected that about 6,000MW would be available in the state from various sources by the end of the 12th Five-Year plan,” said Power Grid chairman-cum-managing director R.N. Nayak. He added that the transmission of this amount would require wide networks and enhanced distribution system, which would include creation of new grid sub-stations and transmission lines.
Nayak said: “The timely and targeted execution of the work is essential to meet the target of electrification of villages.”
BSPHCL’s joint venture with PGCIL would be run on a BOOM (built, operate, own and maintain) scheme at an estimated cost of Rs 6,300 crore, sources said. PGCIL’s executive director Arun Kumar said the projected per capita power consumption of Bihar would be 660 units against the national average of 1,275 units in 2016-17. The present per capita consumption is 127 against the national average of 812.
“If we have to catch up with the national average of per capita power consumption of 1,275 unit by the end of 2016-17, it would require additional investment of Rs 10,000 crore,” Arun said.