Patna, (Bihar Times): With the hurdle of procuring coal cleared the first private power plant in Bihar is likely to start functioning in Banka district within three years.

According to the Chief Executive Officer of Abhijeet Group of Company, Arun Gupta, the group has recently been allotted a coal block in Mahuagiri in Dumka district of Jharkhand. This has cut short the gestation period significantly.

He said that his company has entered into an agreement with the locals for acquiring 500 acres of land for the power plant. Additional land is required for future use, he said.

As the transport cost of the coal would be less the cost of power unit would also be less. Dumka is 80-odd kilometer from Banka. Bihar will have the first right to the power generated and it would be cheaper here, he said.

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