Unitech Machines bags UPPCL contract for 250-MW power plant

LUCKNOW: Uttar Pradesh Power Corporation Limited ( UPPCL) has signed a Memorandum of Understanding (MoU) with Unitech Machines Limited (UMT) for setting up a 250-MW coal-fired power plant in Auraiya district, official sources said on Thursday.

The MoU was signed by Uttar Pradesh Energy Secretary and UPPCL Chairman and Managing Director Navneet Sehgal and UMT CMD V K Chhabra yesterday.

The company will invest Rs 1,250 crore to set up the proposed plant at Auraiya.

The project has a contractual completion deadline of four years and 90 per cent of the electricity produced would be utilised within the state.