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Power Grid signs MoU with UP Power Corp for energy efficiency

Business Finance

Press Trust of India  |  Lucknow 

Power Grid Corporation of India

today signed an MoU with Uttar Pradesh Power Corporation (UPPCL) for energy efficiency and agricultural demand side management programme.

Further discussions will be held between Power Grid Corp and UPPCL to decide terms and conditions of the probable agreement for Power grid acting as an investor as well as a Project Management Consultant (PMC) for replacement of agriculture pump sets in East and South DISCOMs of UP.

Power Grid is contemplating an investment of about Rs 2,200-2,500 crore in these projects, subject to necessary clearances, an official release issued here said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, July 20 2018. 22:40 IST