- Projects worth Rs 1.3 lakh crore related to UPNEDA to be launched in GBC@IV
- Adani and other major industrial groups are set to make significant investments in solar energy and pumped storage projects
- Bundelkhand set to become ‘Urjanchal’ with investment of over Rs 15000 cr in renewable energy sector in Chitrakoot, Lalitpur and Jalaun
By Our Correspondent
Lucknow: Under the leadership of Chief Minister Yogi Adityanath, Uttar Pradesh is set to witness the Ground Breaking Ceremony (GBC@IV) for the largest investment in the history of the state so far on Monday, marking a significant step towards making the state an entrepreneurial hub. Moreover, the event will also see launch of as many as 182 projects worth Rs 1.3 lakh crores related to renewable energy under Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) to develop the state as a hub of renewable energy.
The Yogi government seeks to implement investment proposals totaling around Rs 40 lakh crores, which were received during the Global Investors Summit in 2023 from various industrial groups, both national and international during GBC@IV. In the first phase of GBC@IV, the ‘bhumi-pujan’ of more than 14,000 projects worth Rs 10 lakh crores will take place in the presence of PM Narendra Modi and CM Yogi Adityanath.
An important highlight of the event will be launch of projects related to renewable energy, amounting to more than Rs 15,000 crores in Bundelkhand, which will establishment the region as as the new ‘Urjanchal’.
UPNEDA achieved more than the set target
According to Anupam Shukla, Director of UPNEDA, GBC@IV includes 182 projects related to solar energy, bioenergy, pumped storage projects (related to hydropower), and green hydrogen. These will bring about significant changes in the energy sector in Uttar Pradesh. He said that the department had received a target of Rs 1.25 lakh crore for GBC, against which it has achieved projects worth Rs 1.30 lakh crore, standing at 104 percent.
Investment of Rs 55,806 crore in solar energy sector
In the solar energy sector, 42 projects are set to be implemented with an investment of Rs 55,806 crores, while in the bioenergy sector, 131 projects will be launched with investment worth Rs 7,299.35 crores. Additionally, for pumped storage projects related to hydropower, 8 companies will be collectively investing Rs 66,955 crores.
Moreover, a green hydrogen project will also be implemented in the state with an investment of Rs 150 crores by the company.
Bundelkhand on the way to become a new energy hub
The major renewable energy projects to be launched in Bundelkhand include, a project worth Rs 6000 crore by NHPC in Jalaun, Rs 4000 crore solar energy and hydro project in Chitrakoot and a Rs 5000 crore project in Lalitpur. These projects, totaling Rs 15,000 crores, are aimed at transforming the Bundelkhand region, considered a backward region, into a hub of renewable energy.
Additionally, in Mathura, the Adani Group is investing Rs 300 crore in a biogas project. Furthermore, Neyveli Lignite Corporation is initiating solar projects worth Rs 3,500 crore in various parts of the state.
CM Yogi’s efforts to promote renewable energy yielding positive outcomes
The efforts of the Chief Minister to promote renewable energy in the state are leading to positive outcomes. With traditional energy sources being limited and their consumption posing a threat of environmental pollution, CM Yogi is consistently working towards increasing the production of energy based on new and renewable sources.
The result of the efforts of the Yogi government is evident in the establishment of large-scale projects based on solar energy, biomass, and small hydroelectric power. The state has been actively involved in grid-connected solar power generation and rooftop solar power generation. With the upcoming investment of Rs 1.30 lakh crores in this sector, Uttar Pradesh is not only set to become a hub of renewable energy, but will also generate employment opportunities on a large scale.
