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ALL INDIA INSTALLED CAPACITY

ALL INDIA INSTALLED CAPACITY

Friday, April 23, 2010

Bajaj Hindustan enters into Power sector,sign MoU with power project in UPPCL

Uttar Pradesh Power Corporation Limited (UPPCL) today signed a Memorandum of Understanding with Bajaj Hindustan Limited to set up a 1,980-MW thermal power project in Lalitpur district of Bundelkhand region.The MoU was signed between UPPCL Chairman and Managing Director Navneet Sehgal and Bajaj Joint Managing Director Kushagra Bajaj in the presence of Energy Minister Ramveer Upadhyaya and Chief Secretary Atul Gupta.
The proposed power project would be set up on 1,500 acres of land at Mirchawar village, some 60 km from the Rajghat dam in Lalitpur. Uttar Pradesh will get 90 per cent of the electricity generated by the plant.
"UP will start getting power generated by this plant from the year 2014," Sehgal told reporters. He said that the project was a part of the government's endeavour to increase power generation in the state.
"No new project was set up in the state since long, resulting in a power crisis. However, in the last three years, several schemes were launched and projects to augment power generation by 10,000 MW have been sanctioned," he said.
He said that the state Cabinet had earlier decided to increase power generation in the state up to 25,000 MW."While some projects are already underway, we have identified a number of places in the state where new power projects would be set up in the next few years," the UPPCL Chairman said.

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