Unitech Machines bags contract for 250-MW plant

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 today.

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.