The state government of Uttar Pradesh (UP) plans to launch around 300 projects worth about Rs 65,000 crore including solar parks in a ground-breaking ceremony later this month. The ceremony is expected to be inaugurated by Prime Minister Narendra Modi on February 27 in Kanpur, reported Economic Times.
The event, aimed to showcase UP as an investment hub, is expected to be attended by more than 5,000 persons. Of the 300 projects to be launched, Azure has a project to establish 1 GW solar capacity across the state.
“The ceremony follows the Investors’ Summit held in February 2018 during which the government signed memorandums of understanding (MoUs) worth over Rs 4.2 lakh crore,” industries minister Satish Mahana was quoted as saying in the report.
“This has been one of the major achievements of the BJP government in the state and we want to show that not only did we sign MoUs, which the previous governments also did, but we also managed to get the projects going,” a senior government official added.
Under its 2017 solar energy policy, the state government set a target of 10.7 GW of installed solar capacity by 2022, 6.4 GW of which is set to comprise power-purchase-agreement linked utility-scale power projects that feed directly into the grid. The remaining 4.3 GW should comprise rooftop systems.
The state’s Minister of Law and Justice, Additional Energy Resources and Political Pention, Brijesh Pathak said recently that Uttar Pradesh will promote private solar power parks as public-private partnerships, in order to reduce its dependence on coal and achieve the target of 10.7 GW of solar energy generation by 2022.