Current Affairs - State - Discussion

Bihar emerged as the focus of major pumped storage power investments after BSPGCL signed two MoUs with private developers for projects totaling 2,120 MW capacity in the Nawada district. The combined investment amounts to about ₹13,000 crore and falls under the Bihar Pump Storage Project Promotion Policy, 2025. Under these agreements, GreenCo Energies will develop a 1,200 MW project with an investment of ₹7,800 crore, while Sun Petrochemicals will set up a 920 MW project costing ₹5,200 crore. These projects are expected to strengthen energy storage capacity and support grid stability.