Bihar govt allots Rs 720cr to purchase electricity

Struggling hard to to improve the power scenario in Bihar, Nitish Kumar government has approved the proposal for allotment of Rs 720 crore for purchasing electricity from the National Thermal Power Corporation (NTPC).

 It also sanctioned another Rs 380 crore for the Bihar State Electricity Board (BSEB) to purchase additional power, taking the total allocation for buying power to Rs 1100 crore, official sources said today.

The state would buy power from NTPC at the rate of Rs 180 crore per month, from December 2011 to March 2012.

The cabinet gave its consent to pay Rs 6.54 crore to the Bihar State Hydro-electric Power Corporation (BSHPC) as state’s share in the 7 MW minor hydro-electric project at Ararghat (Madhepura), they said, adding administrative approval for the project, estimated to cost Rs 65.44 crore, had already been secured and NABARD had approved Rs 58.89-crore loan for it.

Courtesy: Money Control