New Delhi: The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval for investment approval for 2×660 MW Buxar Thermal Power Project (Buxar TPP) in District Buxar of Bihar.
The project will be completed at an estimated cost of Rs. 10,439.09 crore and implemented by SJVN Thermal Private Ltd., a wholly owned subsidiary of SJVN Ltd., a Mini Ratna CPSU under Ministry of Power, Government of India.
The Buxar TPP will be based on Supercritical Technology with two units of 660 MW each, equipped with latest emission control technology to protect the environment and has high efficiency and use less fuel to generate power. The Buxar TPP will improve the deficit power scenario in Bihar and Eastern region. Govt. of Bihar has already signed Power Purchase Agreement (PPA) for supply of not less than 85% of generated power.
The project is expected to generate substantial direct and indirect employment apart from various other socio-economic development in the project area. The Buxar TPP will start yielding benefits from 2023-24.