NTPC, IOCL Among Central PSUs Committing ₹2 Trillion to Uttar Pradesh's Energy Sector

Central Public Sector Undertakings (PSUs) have committed investments of around ₹2 trillion in Uttar Pradesh's thermal power and clean energy sectors, as per Business Standard news report.  

The companies involved include NTPC Limited, Indian Oil Corporation Limited (IOCL), Nuclear Power Corporation of India Limited (NPCIL), Coal India Limited (CIL) and Bharat Petroleum Corporation Limited (BPCL). 

The proposed investments cover power generation and renewable energy projects across the state. These commitments are part of a larger pipeline of energy-sector investments identified by the Uttar Pradesh government. 

NTPC's Meja Expansion 

NTPC Limited has a 50:50 joint venture with Uttar Pradesh Rajya Vidyut Utpadan Nigam (UPRVUN) for its thermal power project in Meja tehsil of Prayagraj. 

The existing Meja Thermal Power Station has an installed capacity of 1,320 MW, with two units of 660 MW each. The Meja Stage-II expansion has been approved to add another 2,400 MW through three units of 800 MW each. 

The expansion project involves an estimated investment of more than ₹33,000 crore. 

IOCL Proposes New Energy Projects 

Indian Oil Corporation Limited's wholly owned subsidiary, Terra Clean Limited (TeCL), has proposed clean energy projects in Uttar Pradesh. The company works in renewable, green and clean energy solutions. 

Invest UP, the state's investment promotion agency, has identified an energy-sector investment pipeline worth more than ₹6 trillion, according to report citing official sources.  

The proposals cover the energy and power value chain and include investments from both public and private companies. 

Private sector companies that have pledged investments include AM Green Energy Private Limited, Up Syn-Gas & Chemicals Limited and Adani Atomic Energy Limited. 

Green Energy Target and Industry Exhibition 

Uttar Pradesh has set a target of 22,000 MW of green energy capacity. Hartek Singh, President (Elect) of the Indian Electrical & Electronics Manufacturers' Association (IEEMA), said the target provides investment opportunities for domestic and international companies. 

IEEMA will hold ELECRAMA 2027 from February 20 to 24 at India Expo Mart in Greater Noida. Germany will be the partner country, with companies from the US, Europe and Asia expected to participate. 

The exhibition is to have over 1,100 exhibitors, 500 hosted buyers, 10 country pavilions and 25,000 business-to-business meetings. Organisers expect around 500,000 visitors. 

Read More: India Proposes 2-Year Restrictions on Soda Ash Imports After 89% Rise in Shipments! 

Conclusion 

The ₹2 trillion in PSU commitments includes thermal power expansion and clean energy proposals. These projects form part of Uttar Pradesh's wider energy investment pipeline of more than ₹6 trillion. 

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