Uttar Pradesh, the first state to announce a farm loan waiver in the current series of such succour, spent Rs 20,598 crore in 2017-18 to relieve the state’s 34.11 lakh farmers of the onus of repayi

The UP government is set to join hands with NTPC to develop a 375-MW solar power park, at an estimated cost of R3,000 crore, in Jalon district, with the objective of tiding over the power crisis.

Lanco Infratech, which has stopped supplying power to the Uttar Pradesh Power Corporation (UPPCL) due to mounting unpaid dues, has asked the four distribution companies of the state power utility t

The Uttar Pradesh government unveiled the Budget for 2013-14 in the state assembly on Tuesday, estimating a total expenditure of Rs 2.21 lakh crore. Mayawati's BSP, the main opposition party, staged a walkout alleging that more than 75% of last year's Budget remained unspent.

“The state will move ahead with this budget and the target of making UP ‘Uttam Pradesh’ (excellent state) will be achieved,”Akhilesh told reporters here. "Through this budget, we have made effort to provide maximum benefit to all sections of the society, including farmers, youths, Muslims, women and poor," he said. The Budget, presented by the chief minister Akhilesh Yadav who also hold the finance portfolio,showed a 9.8% increase from last year's size of R2 lakh crore.

In step with its commitment to the Centre to put its house in order in exchange for the financial restructuring package, the Uttar Pradesh Power Corporation (UPPCL) is proposing a steep hike in the

The lights are going out in Uttar Pradesh’s power capacity addition plan and the villain is once again land acquisition. Bajaj Hindusthan has decided to pull out of the R10,000-crore, 1,980 MW Bargad power project planned in Chitrakoot district, following the recent exit of Jaypee Group from the R7,000-crore, 1,320 MW Karchhana project.

The company had signed the memorandum of understanding with the Uttar Pradesh Power Corporation in December 2010, but not even 10 out of the required 13,000 acres have been acquired so far, sources told FE.

Lucknow The recent massive debt recast for power discoms seems to have come as an eyeopener for state governments which long resisted timely tariff hikes in a sector where costs have soared.

In an unprecedented move, the Uttar Pradesh government has slammed its electricity regulator for deferring tariff hikes. Citing delay on the part of the regulator in announcing the new tariff structure, principal secretary, energy, Anil Kumar Gupta has written to the Uttar Pradesh Electricity Regulatory Commission (UPERC), directing it to issue the new tariff order within five days.

Lucknow Land acquisition hurdles have claimed yet another road project in Uttar Pradesh. The R1100-crore Agra Inner Ring Road project, which was given to Jaypee Infratech three years ago, has been shelved by the Akhilesh Yadav government because the land-for-development model for the plan was not working out.

In a meeting chaired by the UP CM on Wednesday, it was decided in principle that the concessionaire agreement between the Agra Development Authority (ADA) — the nodal agency of the housing department — and Jaypee would be cancelled and a fresh process would be initiated for the construction of the 30-km-long road on competitive bidding.

Lucknow Uttar Pradesh’s tryst with power reforms seems to have boomeranged. Close on the heels of Coalgate, which has had the Central government scurrying for cover, a report by the state accountant general (AG) has alleged irregularities in the appointment of Torrent Power (TPL) as the power distribution franchisee (DF) for Agra.

The report also states that the appointment was done with complete disregard to the tendering procedure and has already caused a loss of R489.89 crore to the state exchequer in the first two years since the city was handed over to the company in 2010.

Apprehensive that the now-infamous first-come, first-served policy for allocation of natural resources comes with risks, states are now wiser and embracing the safer option of auctions for these allocations.

The newly-elected Akhilesh Yadav government in Uttar Pradesh has introduced an e-tendering system for all leases on mining projects. The decision could impact the future of liquor baron-cum-mining czar Ponty Chaddha, who was seen as closely linked to the previous Mayawati government.