Lucknow: Uttar Pradesh is set to receive a major investment boost in its energy sector, with Central Public Sector Undertakings (PSUs) planning investments worth ₹2 trillion (₹2 lakh crore) across thermal power and clean energy projects.
Major companies, including NTPC, Indian Oil Corporation (IOCL), Nuclear Power Corporation of India Limited (NPCIL), Coal India and Bharat Petroleum Corporation (BPCL), are among the investors.
The investment push aims to strengthen the state’s electricity supply, support industrial growth and expand its renewable energy capacity.
Uttar Pradesh Energy Investment: Central PSUs Plan ₹2 Lakh Crore
Several major Central government-owned companies have lined up investment commitments in Uttar Pradesh’s energy sector. These investments cover thermal power generation, renewable energy and other new energy projects.
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The participating companies include NTPC Limited, IOCL, NPCIL, Coal India Limited and BPCL. Their projects are expected to support the state’s growing demand for electricity.
According to official sources cited in the report, Invest UP, the state’s investment promotion agency, has an energy-sector investment pipeline worth more than ₹6 trillion (₹6 lakh crore).
This pipeline covers the entire energy and power value chain, with participation from both public and private sector companies.
NTPC’s ₹33,000 Crore Meja Thermal Power Expansion
One of the major projects is the expansion of the Meja Thermal Power Station in Prayagraj district.
NTPC Limited and Uttar Pradesh Rajya Vidyut Utpadan Nigam (UPRVUNL) operate the project through a 50:50 joint venture.
The existing coal-based Meja Thermal Power Station has an installed capacity of 1,320 MW, with two units of 660 MW each.
The proposed Meja Stage-II expansion will add another 2,400 MW through three units of 800 MW each. The project has received approval, with an estimated investment of more than ₹33,000 crore, according to the report.
The expansion is expected to improve electricity availability and support the growing power requirements of homes, agriculture and industries.
Uttar Pradesh Energy Investment: IOCL Plans New Clean Energy Projects
Indian Oil Corporation Limited is also looking to expand its presence in the state’s clean energy sector. Its wholly owned subsidiary, Terra Clean Limited (TeCL), which focuses on green and renewable energy solutions, has proposed new energy projects in Uttar Pradesh.
These projects could support the state’s efforts to diversify its energy sources and increase the use of cleaner energy technologies.
Private Companies Also Show Interest In UP’s Energy Sector
Apart from Central PSUs, several private companies have also pledged investments in Uttar Pradesh’s energy sector.
These companies include AM Green Energy Private Limited, Up Syn-Gas & Chemicals Limited and Adani Atomic Energy Limited.
Their participation reflects growing interest in the state’s energy infrastructure and its potential for future investment.
The combination of public and private investments could help develop new power generation facilities, improve energy infrastructure and support industrial expansion.
Uttar Pradesh Targets 22,000 MW Of Green Energy
Uttar Pradesh is also focusing on expanding its renewable energy capacity. Hartek Singh, President-Elect of the Indian Electrical & Electronics Manufacturers’ Association (IEEMA), said the state has an ambitious target of 22,000 MW of green energy.
He noted that improvements in infrastructure and logistics are making Uttar Pradesh more attractive to domestic and international investors. Growing industrial activity and infrastructure development are also expected to increase electricity demand, creating further opportunities in the energy sector.
ELECRAMA 2027 To Bring Global Electrical Companies To Greater Noida
Meanwhile, IEEMA has announced plans to organise its annual global electrical industry exhibition, ELECRAMA 2027, from February 20 to 24, 2027.
The event will take place at India Expo Mart in Greater Noida, Uttar Pradesh. Germany has been selected as the partner country for the exhibition. Companies from the United States, Europe and Asia are also expected to participate.
ELECRAMA 2027 is expected to feature more than 1,100 exhibitors and attract around 500,000 visitors.
The exhibition also plans to facilitate over 25,000 business-to-business (B2B) meetings, host more than 500 hosted buyers and showcase over 10 country pavilions.
The event is expected to provide opportunities for business partnerships, technology exchange and investment in India’s electrical and energy industries.
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