Lucknow, May 6 -- Chief Minister Yogi Adityanath-led Uttar Pradesh government has decided to buy a total of 1500 megawatts of energy from a thermal project for a period of 25 years. The private company offering the lowest tariff rate (Rs 5.38 per unit) in the bidding has won the project.

This decision, which will save UP Power Corporation (UPPCL) about Rs 2958 crore in 25 years, was taken in a cabinet meeting held under the leadership of CM Yogi on Tuesday, UP government said in a statement.

With this new initiative of the Yogi government, Uttar Pradesh will start getting 1500 MW of electricity at a very cheap rate from the year 2030-31. This new project is much more economical than the existing and upcoming thermal projects.

While ele...