UP achieves 40 MW solar power generation capacity

02 Aug 2024 CW Team

The Yogi government has achieved a significant milestone by reaching a 40 MW power generation capacity through solar energy. This accomplishment has resulted in Ayodhya being recognised as a model solar city under the Uttar Pradesh Solar Energy Policy 2022. According to the policy, a solar city is defined as one where renewable energy plants can reduce the estimated total demand for conventional energy by at least 10%. Ayodhya has exceeded this benchmark, achieving double the required capacity. Ayodhya's estimated power demand is 198 MW. To meet 10% of this demand, approximately 20 MW, the solar power plant's capacity has been set at 40 MW. The installation and commissioning of the plant were completed within the scheduled timeframe. The plant was established by NTPC Green Energy Limited near the Saryu River, in the villages of Majha Rampur Halwara and Majha Sarairasi. The state government has leased 165.10 acres of land to NTPC Green Energy Limited for 30 years at a nominal rate of Rs 1 per acre per year for the solar power project. The plant, with its 40 MW capacity, will be purchased by UPPCL for 25 years at a cost-plus-determined tariff. The successful implementation of this project has led to Ayodhya being declared a model solar city.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..