BSEB to get Rs 2898 cr loan for new units
PATNA: Bihar State Electricity Board (BSEB) has decided to set up two new thermal power units of 250MW each, aggregating 500MW, at Barauni at a cost of Rs 3,666 crore. Power Finance Corporation (PFC) has approved a loan of Rs 2,898 crore for this project and the loan agreement was signed between PFC and BSEB here on Wednesday.
On this occasion, P K Rai, BSEB chairman, Rana Awadhesh, member (administration), Lallan Prasad, member (generation), T T Jha, member (transmission), A K Verma, chief engineer and others officers of the board were present. P K Sinha, assistant general manager, and G Packkiaraj, manager, of PFC were present.
The land required for this extension project of the existing thermal power station, has been tied up. For fuel linkage, the coal ministry has already been approached. Water linkage has been obtained from Central Water Commission, and government of Bihar and Airport Authority of India have given clearance for the chimney height.
Bharat Heavy Electricals Ltd will set up the units on a turnkey basis. The target date for completion of the first unit is April 2014 and for second unit, July 2014, said BSEB spokesman H R Pandey.