ENA Sectors 2024-07-03 16:16:07 <p><span style="font-size:14px"><strong>New Delhi, Jul 3 (KNN)</strong> The Uttar Pradesh government has unveiled plans for a substantial investment of Rs 75,000 crore in the energy sector, responding to projections that electricity demand in the state could reach 53,000 megawatts (MW) by 2028.</span></p> <p><span style="font-size:14px">This summer, peak demand in Uttar Pradesh surpassed 30,000 MW, highlighting the need for infrastructure expansion.</span></p> <p><span style="font-size:14px">The investment strategy is divided into two main components. Rs 43,000 crore will be allocated to upgrading energy feeders and implementing smart meters across the state.</span></p> <p><span style="font-size:14px">The remaining Rs 32,000 crore will fund two thermal power projects including a 1,980 MW plant in Ghatampur, Kanpur district, and a 1,320 MW plant in Obra C, Sonbhadra district.</span></p> <p><span style="font-size:14px">Chief Minister Yogi Adityanath has instructed officials to accelerate projects under the purview of the state's five electricity distribution companies (discoms).</span></p> <p><span style="font-size:14px">These include Purvanchal Vidyut Vitran Nigam Limited for Eastern UP, Madhyanchal Vidyut Vitran Nigam Limited for Central UP, Dakshinanchal Vidyut Vitran Nigam Limited for Southern UP, Paschimanchal Vidyut Vitran Nigam Limited for Western UP, and Kanpur Electricity Supply Company (KESCO) for the Kanpur region.</span></p> <p><span style="font-size:14px">The government attributes the rising electricity demand to several factors, including industrialisation, urbanisation, and the growing infrastructure for electric vehicle charging.</span></p> <p><span style="font-size:14px">These investments aim to bolster the state's capacity to meet future energy needs and support its position as a leading market for electric vehicles in India.</span></p> <p><span style="font-size:14px">The ambitious plan underscores Uttar Pradesh's commitment to strengthening its power infrastructure to accommodate the projected growth in energy consumption.</span></p> <p><span style="font-size:14px">By focusing on both generation capacity and distribution networks, the state government aims to ensure a stable and efficient power supply to meet the increasing demands of its growing economy and population.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 38458 https://knnindia.co.in/news/newsdetails/sectors/uttar-pradesh-announces-rs-75000-crore-investment-to-boost-energy-sector-by-2028 2024-07-03 16:16:07 knnindia.co.in