The estimated investment in the UP energy projects would span the entire value chain of generation, transmission and distribution encompassing both conventional and renewable energy domains.
Indian Electrical and Electronics Manufacturers' Association (IEEMA) President Sunil Singhvi said the energy landscape would play a vital role in propelling UP's $1 trillion economy goal.
“While the public sector investment in the UP energy sector is expected to be ₹90,000 crore, the private sector contribution would augment the state's total investment kitty to nearly ₹1.5 trillion in 4-5 years,” he added.
In 2024, UP's peak power demand breached the 30,000 mw mark, owing to incremental demand, growing industrialisation, urbanisation and expanding charging infra for e-vehicles across the state.
This story is from the October 03, 2024 edition of Business Standard.
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This story is from the October 03, 2024 edition of Business Standard.
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