PATNA, July 28 -- The Bihar government on Saturday formally launched the Bihar Policy of New and Renewable Energy Sources 2025 and Bihar Policy for Pumped Storage Project 2025 at an event held at the Gyan Bhawan in Patna, according to a press release issued by the Bihar State Power Holding Company Limited. A key highlight of the event was the signing of several strategic MoUs aimed at driving large-scale renewable energy deployment in the state. The Bihar Renewable Energy Development Agency (BREDA) signed an MoU with Avaada group for the development of 1GW ground-mounted and floating solar projects, subject to feasibility. An MoU between Bihar State Power Generation Company Ltd (BSPGCL) and the Solar Energy Corporation of India was inked to develop floating solar and other renewable energy (RE) projects worth Rs.3,000 crore. BSPGCL signed an MoU with Larsen & Toubro (L&T) for setting up a 116 MW/241 MWh Battery Energy Storage System at Kajra, Lakhisarai, at an estimated investment of Rs.837.66 crore. A separate MoU was signed between BSPGCL and NTPC Green to develop a 1000 MW BESS project in Bihar, with an expected investment of Rs.1,500 crore, the release said. Speaking on the occasion, energy minister Bijendra Prasad Yadav said, "Through these two forward-looking policies, Bihar invites domestic and global investors to partner with us in our green energy journey. These initiatives aim to boost clean energy adoption, attract private investments, and make Bihar an active contributor to India's Net Zero goals." Industries minister Nitish Mishra said that the upcoming Bihar Industrial Policy 2025 will further align with the state's energy vision. "An integrated manufacturing cluster is already being developed on 1,700 acres in Gaya, offering opportunities for companies in both conventional and non-conventional energy sectors," he said, stressing the synergy between industrial and energy policy frameworks. Additional chief secretary industry department Mihir Kumar Singh emphasised the significance of clean fuels for industrial development. "The Biofuels Promotion Policy 2025 offers capital and interest subsidies, SGST and power duty exemptions and incentives for employment and skill development, positioning Bihar as a key destination for investments in ethanol and CBG," he noted. Energy secretary Manoj Kumar Singh outlined the incentives under the new policies, including 100% SGST reimbursement, full exemption on stamp duty and registration fees, waiver of STU charges and 5-year exemption on customs duty for project-related imports. "We are ensuring policy stability, streamlined licensing, land availability, and fast-track approvals to make Bihar investor-friendly," he said, inviting developers to lead the clean energy transition from Bihar. Bihar Electricity Regulatory Commission (BERC) chairman Amir Subhani assured that the regulator would extend full support for the effective implementation of these policies and was open to revisiting existing regulations based on stakeholder feedback. The event witnessed participation from leading energy companies and PSUs including Tata Power, Ashoka Buildcon, Avaada, Larsen & Toubro, IntelliSmart, NTPC Green, Adani Power, EESL, PTC India; Power Finance Corporation, JSW Energy, GREENKO, SJVN, THDC India Ltd, Secure Meters, Godrej Enterprises, Vikram Solar, NHPC, Ernst & Young and SECI, among others. Several of the company representatives lauded the policies and termed Bihar one of the most promising investment destinations for renewable energy in India, the communique said, highlighting the state's strategic potential, progressive approach, and conducive environment for sustainable energy growth and development....