Uttar Pradesh Chief Secretary Manoj Kumar Singh met with Karan Adani, Managing Director of Adani Ports and Special Economic Zone Ltd (APSEZ), to discuss ways to empower the state towards becoming an inclusive and dynamic economy. The meeting highlighted the potential role of the Adani Group in driving growth and investment in Uttar Pradesh. The Adani Group has previously announced its commitment to investing in the state, citing immense opportunities for growth.
In 2022, the Adani Group announced plans to invest Rs 70,000 crore in Uttar Pradesh, which is expected to create at least 30,000 jobs. The group has already made significant strides in the state, including securing a contract to supply 1,600 MW of power to the Uttar Pradesh Power Corporation Limited (UPPCL) over a period of 25 years. The power will be generated from a new plant to be set up in the state, which will be built and operated by Adani Power Limited (APL).
In addition to its power sector investments, the Adani Group has also secured a contract for energy storage capacity in Uttar Pradesh. Adani Saur Urja (LA) Limited, a subsidiary of Adani Green Energy, won a contract from UPPCL to provide energy storage capacity, with an annual fixed cost of Rs 76,53,226 per MW per year. The project, known as Panaura PSP, will be located in Sonbhadra district and is expected to be completed within six years.
The Adani Group’s investments in Uttar Pradesh are expected to have a significant impact on the state’s economy, driving growth and creating employment opportunities. The state government has been actively promoting investment and development in the state, and the Adani Group’s commitment to investing in Uttar Pradesh is seen as a major boost to these efforts. With its diverse portfolio of businesses, including power, renewable energy, and infrastructure, the Adani Group is well-positioned to play a key role in driving growth and development in Uttar Pradesh.