Published On:July 3 2024
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Uttar Pradesh Government Plans ₹75,000 Crore Investment in Energy Projects.
The Uttar Pradesh government has announced an ambitious investment plan of Rs 75,000 crore to bolster its energy sector, anticipating a surge in electricity demand expected to reach 53,000 megawatts (MW) by 2028.
During this summer, Uttar Pradesh's peak electricity demand exceeded 30,000 MW, driven by increasing industrialization, urbanization, and the expanding infrastructure for electric vehicle charging. To meet this growing demand, the state is developing a comprehensive strategy to enhance thermal power generation capacity and strengthen energy infrastructure.
Out of the total investment, Rs. 43,000 crore will be allocated towards upgrading energy feeder infrastructure and deploying smart meters across the state. The remaining Rs. 32,000 crore will fund two major thermal power projects: the 1,980 MW Ghatampur plant in Kanpur and the 1,320 MW Obra C plant in Sonbhadra district.
Recently, Uttar Pradesh Chief Minister Yogi Adityanath instructed officials to accelerate projects managed by the state’s five electricity distribution companies (discoms): Purvanchal Vidyut Vitran Nigam Limited (Eastern UP), Madhyanchal Vidyut Vitran Nigam Limited (Central UP), Dakshinanchal Vidyut Vitran Nigam Limited (Southern UP), Paschimanchal Vidyut Vitran Nigam Limited (Western UP), and Kanpur Electricity Supply Company - KESCO (Kanpur region).
The state has made significant strides in improving electricity infrastructure and distribution networks, positioning itself as one of India's leading markets for electric vehicles.
BS