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Patna,(BiharTimes): The Bihar cabinet on Wednesday sanctioned Rs 1,100 crore for the Bihar State Electricity Board to make payments to National Thermal Power Corporation (NTPC) for the period between Dec 2011 and March 2012 and purchase power from the open market in the current fiscal. The board would pay NTPC Rs 720 crore directly, while Rs 380 crore has been given to the board to purchase power from the open market. |
The cabinet also gave its nod to the proposal of setting up a 7 MW minor hydelpower project by Bihar State Hydroelectric Corporation at Ararghat in Madehpura district at an estimated cost of Rs 65.44 crore.
The cabinet also gave its nod to raise a loan of Rs 58.89 crore from the National Bank for Agriculture and Rural Development for the project.
While the cabinet gave its approval to the release of the state share of Rs 6.54 crore for the same project, NABARD would extend the loan from its Rural Infrastructure Development Fund (RIDF).
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