Uttar Pradesh govt allots Rs 1,000 cr to power sector
POWER & RENEWABLE ENERGY

Uttar Pradesh govt allots Rs 1,000 cr to power sector

The Uttar Pradesh government has allocated Rs 1,000 crore in budgetary support to the power sector, promising round-the-clock power supply throughout the state, including rural areas, in the run-up to assembly elections.

The allocation for the power sector was nearly 12% of the total supplementary budget of Rs 8,479 crore presented on the second day of the UP assembly's short winter session.

Finance Minister Suresh Kumar Khanna announced the allocation, and said that an additional sum of Rs 185 crore has been provided for household electrification.

The budgetary allocation, according to official sources, will assist the financially ailing UP Power Corporation Limited (UPPCL) in reinforcing the existing electricity distribution infrastructure.

While the official power supply schedule for villages calls for an 18-hour supply, the actual supply has been dwindling due to repeated outages caused by poor infrastructure.

This, according to official sources, must be considered when planning a 24-hour power supply.

The corporation is facing massive financial losses of Rs 90,000 crore, which have accrued over time as a result of sluggish revenue recovery and power theft.

The state government had devised the One-Time Settlement (OTS) scheme, which included a waiver for consumers who were behind on their payments and had reached out to approximately 30 lakh people.

Experts said that the move will enable the BJP to portray itself as committed to improving power infrastructure, which has long been a source of contention for previous governments.

The state government signed an MoU with the Centre for a 24-hour power supply in the state shortly after taking power in 2017.

The state government has also launched a massive electrification drive under the Centre's flagship Saubhagya Scheme, as well as improving rural and urban power infrastructure through the Deen Dayal Upadhyay Rural Electrification Scheme (DDURES) and Integrated Power Development Scheme (IPS), respectively.

Under the current regime, the Saubhagya Scheme has electrified nearly 1.4 crore households, bringing the total number of consumers to nearly four crores. This has increased power demand, which has reached a peak of over 25,000 MW per day.

A government spokesperson told the media that around 7,786 km of 33 KV lines have been installed in the state, and the state government has begun night patrolling so that technical issues can be resolved quickly at the local level.

Image Source

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

The Uttar Pradesh government has allocated Rs 1,000 crore in budgetary support to the power sector, promising round-the-clock power supply throughout the state, including rural areas, in the run-up to assembly elections. The allocation for the power sector was nearly 12% of the total supplementary budget of Rs 8,479 crore presented on the second day of the UP assembly's short winter session. Finance Minister Suresh Kumar Khanna announced the allocation, and said that an additional sum of Rs 185 crore has been provided for household electrification. The budgetary allocation, according to official sources, will assist the financially ailing UP Power Corporation Limited (UPPCL) in reinforcing the existing electricity distribution infrastructure. While the official power supply schedule for villages calls for an 18-hour supply, the actual supply has been dwindling due to repeated outages caused by poor infrastructure. This, according to official sources, must be considered when planning a 24-hour power supply. The corporation is facing massive financial losses of Rs 90,000 crore, which have accrued over time as a result of sluggish revenue recovery and power theft. The state government had devised the One-Time Settlement (OTS) scheme, which included a waiver for consumers who were behind on their payments and had reached out to approximately 30 lakh people. Experts said that the move will enable the BJP to portray itself as committed to improving power infrastructure, which has long been a source of contention for previous governments. The state government signed an MoU with the Centre for a 24-hour power supply in the state shortly after taking power in 2017. The state government has also launched a massive electrification drive under the Centre's flagship Saubhagya Scheme, as well as improving rural and urban power infrastructure through the Deen Dayal Upadhyay Rural Electrification Scheme (DDURES) and Integrated Power Development Scheme (IPS), respectively. Under the current regime, the Saubhagya Scheme has electrified nearly 1.4 crore households, bringing the total number of consumers to nearly four crores. This has increased power demand, which has reached a peak of over 25,000 MW per day. A government spokesperson told the media that around 7,786 km of 33 KV lines have been installed in the state, and the state government has begun night patrolling so that technical issues can be resolved quickly at the local level. Image Source

Next Story
Real Estate

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..

Next Story
Real Estate

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..

Next Story
Infrastructure Urban

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..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement