Uttar Pradesh sets a target of Rs 40,000 cr investments in energy sector

Uttar Pradesh has set a target of Rs 40,000 crore investments in the energy sector to meet an estimated peak demand of 53,000 megawatt (Mw) by 2028. The bulk of these investments will be by private sector companies, officials have said.
 

The state’s peak energy demand stands at 26,000 Mw now. The steep proliferation in the state energy demand is attributed to the projected setting up of new industries and manufacturing plants over the next five years.

“Due to an increase in electricity consumption, energy sector majors will make big-ticket investments in the sector, thus will play an important