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Madhya Pradesh and Uttar Pradesh have signed an agreement to share and procure electricity based on their different seasonal demand patterns. The two states will also explore medium-term power banking arrangements to improve resource utilisation, grid flexibility and energy security. Under the agreement, they will begin procuring 2,000 MW of integrated solar and battery energy storage capacity through a competitive process. The initiative is expected to support more efficient use of generation capacity and reduce reliance on expensive short-term power purchases. It could also attract around INR 10,000 crore of investment in the power and renewable energy sectors.
Madhya Pradesh and Uttar Pradesh have signed a Memorandum of Understanding (MoU) to procure and share electricity by taking advantage of their different seasonal demand patterns. The two BJP-ruled states will also examine medium-term power banking arrangements to improve the use of available resources.
The agreement was signed in Lucknow between Madhya Pradesh Power Management Company Limited (MPPMCL) and Uttar Pradesh Power Corporation Limited (UPPCL), according to MPPMCL senior public relations officer Pankaj Swamy. The signing took place in the presence of Madhya Pradesh Energy Secretary Vishesh Garpale and UPPCL Chairman Ashish Kumar Goyal.
Madhya Pradesh records its highest electricity demand during the rabi season between October and March, largely due to agricultural consumption. In Uttar Pradesh, demand is higher during the kharif and summer period between April and September. The difference in seasonal demand is expected to allow both states to share generation capacity more efficiently and lower power procurement costs.
As part of the agreement, the states will begin the process of procuring 2,000 MW of integrated solar and battery energy storage system capacity through a competitive framework. The arrangement is expected to improve asset utilisation and support long-term planning for electricity resources.
The initiative is also expected to attract around INR 10,000 crore in investments in the power and renewable energy sectors, creating opportunities for infrastructure development and employment.
The two states will additionally explore a medium-term firm power banking arrangement. This is aimed at optimising resource utilisation, improving grid flexibility and energy security, and reducing dependence on costly short-term power purchases.
The MoU was signed by MPPMCL Chief General Manager (Non-Conventional Energy) G S Khanooja and UPPCL Director (Planning) Deepak Raizada.
Source PTI
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