Central PSUs Commit ₹2 Trillion for Uttar Pradesh Energy Projects

Public Sector Undertakings (PSUs) under the central government have announced plans to invest approximately ₹2 trillion in Uttar Pradesh, targeting both thermal power and clean energy sectors. This major financial commitment comes from well-known entities such as NTPC Limited, Indian Oil Corporation Limited (IOCL), Nuclear Power Corporation of India Limited (NPCIL), Coal India Limited (CIL), and Bharat Petroleum Corporation Limited (BPCL).

NTPC Limited, one of the primary players, operates a joint venture with Uttar Pradesh Rajya Vidyut Utpadan Nigam (UPRVUN) in the Meja tehsil area of Prayagraj. The existing Meja thermal power station, which runs on coal, currently has a capacity of 1,320 Megawatts, configured with two units of 660 MW each. The company has secured approval to expand this facility through the Meja Stage-II Expansion project, which will add 2,400 MW by installing three new units of 800 MW each. This expansion carries an estimated investment exceeding ₹33,000 crore.

In addition to thermal power developments, IOCL’s wholly owned subsidiary, Terra Clean Limited (TeCL), is moving forward with initiatives focused on clean, green, and renewable energy solutions within the state. These projects form part of the broader push toward sustainable energy sources aligned with national and state environmental goals.

According to official sources, 'Invest UP,' the state government’s investment promotion agency, has curated an extensive pipeline in the energy sector valued at over ₹6 trillion. This pipeline encompasses projects covering the entire energy and power value chain, involving contributions from both public and private sector companies.

Private firms have also signaled their investment interests in Uttar Pradesh’s energy landscape. Notable private sector participants include AM Green Energy Private Limited, Up Syn-Gas & Chemicals Limited, and Adani Atomic Energy Limited. Their participation complements the efforts of central PSUs and adds diversity to the development of Uttar Pradesh’s energy infrastructure.

Industry experts have pointed out the significance of Uttar Pradesh’s ambitious green energy targets. Hartek Singh, President-Elect of the Indian Electrical & Electronics Manufacturers’ Association (IEEMA), highlighted the state’s goal to achieve 22,000 MW of renewable energy capacity. He noted that this target presents substantial opportunities for both domestic and international investors. Singh also remarked on the notable improvements in the state’s infrastructure and logistics framework, which have made Uttar Pradesh an increasingly attractive destination for energy-related investments.

In parallel with these developments, IEEMA is preparing to host its flagship global electrical industry exhibition, ELECRAMA 2027. Scheduled from February 20 to 24 at the India Expo Mart in Greater Noida, the event is expected to attract over 1,100 exhibitors and half a million visitors. Imteyaz Siddiqui, Chairman of IEEMA’s Northern Region, announced that Germany will be the partner country for this edition of ELECRAMA. The event will also feature participation from major companies across the United States, Europe, and Asia. ELECRAMA 2027 aims to facilitate more than 25,000 business-to-business meetings, host upwards of 500 buyers, and showcase over 10 country pavilions, reinforcing Uttar Pradesh’s emergence as a key hub in the electrical and energy sectors.

Uttar Pradesh’s strategic focus on expanding both thermal and renewable energy capacity reflects broader trends in India’s energy sector, where balancing traditional power generation with sustainable alternatives is a priority. The substantial investments from central PSUs and private players demonstrate confidence in the state’s potential to meet rising energy demands while advancing environmental goals. As these projects progress, they are expected to contribute significantly to regional economic growth and energy security.