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Key Points

UP Chief Secretary Manoj Kumar Singh met Adani Ports MD Karan Adani to discuss boosting the state's economy. The Adani Group has pledged Rs 70,000 crore in investments, which could create 30,000 jobs. A new power plant in Sonbhadra will supply 1,600 MW of electricity for 25 years. The meeting highlights UP's push for industrial growth under public-private partnerships.

Key Points: UP Chief Secretary Manoj Kumar Singh Meets Karan Adani on State Economy

  • UP Chief Secretary meets Adani Ports MD
  • Rs 70,000 crore investment planned for UP
  • Adani to supply 1,600 MW power for 25 years
  • New thermal plant in Sonbhadra district
2 min read

UP Chief Secretary meets Karan Adani, discusses making state an inclusive and dynamic economy

UP Chief Secretary discusses inclusive economic growth with Adani Ports MD Karan Adani, focusing on Rs 70,000 crore investment and job creation.

"Today, I met Mr. Karan Adani...discussion on the potential role of Adani Group in moving Uttar Pradesh towards an inclusive and dynamic economy. - Manoj Kumar Singh"

Lucknow, June 18

Uttar Pradesh Chief Secretary Manoj Kumar Singh on Wednesday said that he met Karan Adani, Managing Director of Adani Ports and Special Economic Zone Ltd (APSEZ), and discussed how to further empower the state towards becoming an inclusive and dynamic economy.

In a post on social media platform X, the state’s top bureaucrat, a 1988 batch Indian Administrative Service (IAS) officer, posted: "Today, I met Mr. Karan Adani, Director, Adani Group. On this occasion, there was an elaborate discussion on the potential role of Adani Group in moving Uttar Pradesh towards an inclusive and dynamic economy."

The Adani Group has earlier said that it is committed to increasing investment in Uttar Pradesh, as there are immense opportunities in the state.

In 2022, the Adani Group announced at the ‘Uttar Pradesh Investors Summit’ that it would invest Rs 70,000 crore in the state, resulting in the creation of at least 30,000 jobs.

Last month, the Uttar Pradesh Cabinet approved the signing of a power purchase agreement (PPA) between the Uttar Pradesh Power Corporation Limited (UPPCL) and Adani Power Limited (APL) for the supply of 1,600 MW of power over a period of 25 years.

The APL had secured the bid through a competitive bidding process conducted in October 2024. The power will be supplied from a new plant that will be set up in Uttar Pradesh.

Uttar Pradesh had launched a tender to source power from a 1,600 MW thermal power plant to be set up in the state. In February this year, Adani Saur Urja (LA) Limited, a wholly-owned subsidiary of Adani Green Energy, secured a major contract from the UPPCL for energy storage capacity.

Under the awarded contract, the annual fixed cost payable for the project is set at Rs 76,53,226 per MW per year, excluding taxes. The agreement will remain in effect for 40 years from the project's commercial operation date (COD), the company said in its filing.

The project, Panaura PSP, will be located in Uttar Pradesh's Sonbhadra district and is expected to be completed within the next six years.

- IANS

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Reader Comments

R
Rahul K.
Good to see UP attracting big investments! But I hope these projects actually benefit local communities and don't just become corporate profit centers. The 30,000 jobs promise needs to be monitored closely. UP youth deserve quality employment.
P
Priya M.
Adani's commitment to UP is impressive! ₹70,000 crore investment can transform our state's infrastructure. Hope they focus on sustainable development too 🌱 The energy storage project in Sonbhadra sounds promising for clean energy future.
A
Amit S.
While investments are welcome, why always Adani? Other business groups should also get equal opportunities in UP. Healthy competition is good for economy and prevents monopoly.
N
Neha T.
As someone from Sonbhadra, I'm cautiously optimistic. Hope the PSP project brings real development to our area - better roads, schools, hospitals - not just a power plant. Local employment should be priority #1!
V
Vikram J.
The 25-year power purchase agreement seems too long in today's fast-changing energy sector. What if solar becomes much cheaper in 10 years? UP govt should have included review clauses.
S
Sangeeta R.
Hope 'inclusive economy' means benefits reaching small towns and villages, not just Lucknow-Noida corridor. UP's real potential lies in tier 2/3 cities. Also, women's employment in these projects should be tracked.

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