The state government of Uttar Pradesh (India) has approved the creation of a joint venture (JV) between Uttar Pradesh New Renewable Energy Development Agency (UPNEDA) and THDC India to develop a 2 GW "ultra-mega" renewable power plant in Uttar Pradesh The joint venture will be 74% owned by THDC India and 26% by UPNEDA. The ultra mega renewable project will include a 600 MW solar project, which will require an investment of INR24bn (US$315m). It will be developed under the Uttar Pradesh Solar Energy Policy 2017 and the Ultra Mega Renewable Energy Power Park Scheme overseen by the Ministry of New and Renewable Energy. (MNRE)
THDC India, which is a joint venture between the state government of Uttar Pradesh and the federal government of India, was created in 1988 to operate the 2.4 GW Tehri hydro power plant. Uttar Pradesh aims to generate 4,300 MW from rooftop solar installations, under the Uttar Pradesh Solar Energy Policy 2017. This policy aims to promote the generation and consumption of renewable energy, by encouraging the participation of the private sector and by providing investment opportunities for solar in the state.
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