Bihar State Power Generation Company

What Bihar State Power Generation Company does

Bihar State Power Generation Company Limited (BSPGCL) is a state government-owned public sector undertaking that operates as the principal electricity generator for the Indian state of Bihar. It was constituted as the generation arm of the erstwhile Bihar State Electricity Board and now sits under Bihar State Power Holding Company Ltd. (BSPHCL), the state-level holding entity for power sector companies. The Managing Director (currently Sri Vishal Raj, IAS) reports to the Chairman-cum-MD of BSPHCL (Sri Ajay Yadav, IAS), with political oversight from the Hon'ble Energy Minister, Government of Bihar.

The company's core product is bulk electricity, generated across a diversified fleet that spans coal-based thermal generation (notably the existing Barauni Thermal Power Station and the in-development 3x800MW Pirpainti Thermal Power Project at Bhagalpur), utility-scale solar photovoltaic (Kajra 185MW(AC) with an integrated 254MWh BESS, plus Banka BESS), canal-bank and floating solar installations (2MW at Bikram Lock Patna; 10MW each at Phulwaria Dam, Nawada and Durgawati Dam, Rohtas; plus 20MW at other locations), and grid-scale pumped storage hydro (1000MW Hatidah Durgavati and 1200MW Mohakama, each in the EOI/RFQ stage). Generation is sold wholesale under long-term power purchase agreements to BSPHCL, which routes it through its subsidiary distribution companies (DISCOMs) to end users across Bihar.

BSPGCL's revenue model is regulated, not market-priced: tariffs are set through tariff petitions to the Bihar Electricity Regulatory Commission (BERC), yielding capacity charges and energy charges in annual/biennial tariff orders (e.g., FY 2014-15, 2017-18, 2018-19). Go-to-market is essentially a single-customer sales motion to state DISCOMs under PPAs, supplemented by project-development tenders issued through government e-procurement platforms to bring in EPC and developer partners for new capacity. The company is wholly owned by the Government of Bihar, is not listed, and does not have external private investors; financing for the GW-scale pipeline is sourced from state support and central PSU lenders.

Name

Bihar State Power Generation Company

Legal name

Bihar State Power Generation Company Ltd.

Website

https://bspgcl.co.in

Company type

Private

Operating status

Operating

Short description

Bihar State Power Generation Company Ltd. (BSPGCL) is the state-owned power generation utility of Bihar, India, producing bulk electricity from thermal, solar, floating/canal-bank solar, and pumped storage sources and supplying it to state distribution companies under tariffs regulated by the Bihar Electricity Regulatory Commission.

Ownership category

akta.pro rank

Product category

Electric Utility Generation

NAICS

Solar Electric Power Generation (221114)

SIC

Electric Services (4911)

akta.pro primary industry

Solar Project Development & IPP (Utility-Scale & Rooftop) (EUAMABAA)

akta.pro secondary industry

Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)

Keywords

• Power generation services
• Thermal power generation
• Solar power generation
• Pumped storage hydroelectric
• Electricity generation utility

Headquarters

HQ city

Patna City

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D

Revenue model

1. Electricity Generation and Supply: BSPGCL generates electricity from thermal, solar, and hydro sources and supplies power to state distribution companies (DISCOMs) and bulk consumers under tariff orders issued by the Bihar Electricity Regulatory Commission (BERC). Revenue is derived from capacity charges and energy charges as per approved tariff petitions.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

BSPGCL generates electricity from thermal (coal-based), solar photovoltaic (ground-mounted, canal-bank, and floating), and pumped-storage hydroelectric sources, then supplies that bulk power to Bihar's state distribution companies (DISCOMs) under long-term power purchase agreements at tariffs approved by the Bihar Electricity Regulatory Commission. The portfolio includes operational assets such as the Kajra Solar Power Plant (185 MW AC + 254 MWh BESS), 20 MW of floating solar at Phulwaria and Durgawati dams, 32 MW of canal-bank and additional solar, and pipeline capacity additions including the 3x800 MW Pirpainti Thermal Power Project and 1000 MW/1200 MW pumped-storage projects.

Product overview

Bihar State Power Generation Company Limited (BSPGCL) is a state-owned power generation utility operating as a single unified business focused on electricity generation. The portfolio includes solar power projects (canal-bank, floating, and ground-mounted installations), pump storage projects for grid-scale energy storage, and thermal power generation. Supporting services include battery energy storage systems (BESS) for grid stability, the PM-KUSUM feeder solarization program, and internal administrative services. The company publishes Urjasvini, a monthly newsletter covering company activities and sector updates.

Differentiator

Problem solved

Functional benefit

Products and services

• Kajra Solar Power Plant
• Canal-Bank Solar Project at Bikram Lock, Patna
• Floating Solar Project at Phulwaria Dam
• Floating Solar Project at Durgawati Dam
• Additional 20 MW Ground-Mounted Solar at Various Locations
• Pirpainti Thermal Power Project
• 1000 MW Hatidah Durgavati Pump Storage Project Large-scale 1000 MW pumped-storage hydroelectric project for grid-scale energy storage and load balancing in Bihar.
• 1200 MW Mohakama Pump Storage Project Large-scale 1200 MW pumped-storage hydroelectric project for grid-scale energy storage and load balancing in Bihar.
• Banka Battery Energy Storage System (BESS) Standalone Battery Energy Storage System project at Banka, Bihar, providing grid-scale energy storage and grid support services to the state distribution network.
• PM-KUSUM Feeder Solarization Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) program executed by BSPGCL for solarization of agricultural feeders across Bihar.

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Tata Power Company Limited: India's largest integrated private power company with thermal, hydro, solar, and BESS assets. Comparable as a diversified IPP selling to state DISCOMs under PPAs while pursuing a similar renewables-plus-storage transition.
• MAHAGENCO (Maharashtra State Power Generation Company): Maharashtra's state-owned generation utility with large thermal, hydro, and gas assets selling to MAHADISCOMs. Directly comparable in ownership structure, regulatory tariff mechanism, and diversified state-utility mandate.
• SJVN Limited: Central government-owned hydropower generator that has expanded into solar and pumped storage. Comparable as a public-sector generator with an emerging pumped storage and solar portfolio selling to multiple state DISCOMs.
• JSW Energy Limited: Private IPP with a multi-GW portfolio of thermal, hydro, wind, and solar assets actively transitioning toward renewables and storage. Comparable as a growth-oriented generator pursuing the same thermal-to-renewables shift as BSPGCL.
• Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL): Uttar Pradesh's state-owned thermal generation utility with multi-GW coal capacity. Comparable as a state-level thermal-heavy generator supplying a single captive state-DISCOM market under regulated tariffs.
• Gujarat State Electricity Corporation Limited (GSECL): State-owned generation utility for Gujarat operating thermal, hydro, and solar plants under state government control. The closest analogue to BSPGCL in terms of state-level mandate, regulatory tariff structure, and diversified generation portfolio.
• Adani Power Limited: One of India's largest private thermal and solar IPPs supplying state DISCOMs under long-term PPAs. Comparable as a coal-heavy private operator expanding into solar and facing similar coal-policy and DISCOM-payment risks.
• Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL): Rajasthan's state-owned generation utility combining thermal, hydro, and rapidly expanding solar capacity. Comparable as a state PSU transitioning its generation mix toward renewables while serving a single state-level offtaker.

Broad incumbents

• NHPC Limited: Central government-owned hydropower and pumped storage developer with growing solar/wind exposure. Comparable for the 2200MW pumped storage development pipeline and the role of a regulated generator selling under long-term PPAs.
• NTPC Limited: India's largest central government-owned power generation utility with a diversified thermal, hydro, solar, and nuclear portfolio. Directly comparable as a regulated-utility generator serving state DISCOMs under long-term PPAs, though national in scope rather than state-focused.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/SEVA_BSPGCL

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bihar State Power Generation Company