Lucknow :The Yogi government of Uttar Pradesh has begun efforts to provide low-cost electricity to the people of the state. The government has decided to build two 800-800 MW thermal power plants for this purpose.
The two projects will be built in Obra, Uttar Pradesh’s Sonbhadra district, and are expected to cost around Rs 18,000 crore. The Yogi cabinet has approved the proposed scheme ‘Obra D’.
The decisions were announced by state Energy Minister AK Sharma following a meeting presided over by Chief Minister Yogi Adityanath. “The state has no such projects.” The Yogi-led government is also working to make bills more affordable for the public, according to an official statement. That is how this project got started.
Both projects will be completed in collaboration with NTPC on a 50/50 basis. Thirty percent will be equity, with the remaining seventy percent managed by financial institutions. The unique aspect is that no such plant has ever been built in the state. Such a plant’s technology is cutting-edge. They are also more efficient than older plants.
The state cabinet has also given its approval to the project. According to the power minister, the plant will be built on approximately 500 acres of land. If more land is required, it will be provided. The first unit is expected to be completed in 50 months, followed by the second in 56 months. Power is currently purchased for Rs 5.50 per unit.
When the project is finished, the government will be able to buy power for Rs. 4.79 per unit. Customers benefit as a result of this. As a result, customers will be able to get electricity for Rs. 1 less per unit.