Avaada Group recently announced that Uttar Pradesh Chief Minister Yogi Adityanath has inaugurated Avaada Group’s 70 MW Solar Power Project in Banda district of Uttar Pradesh.
The inauguration ceremony was also graced by Minister of Energy & Additional Sources of Energy, Shri Arvind Kumar Sharma; Minister of State for Energy & Additional Sources of Energy, Somendra Tomar; Chief Secretary of Uttar Pradesh Manoj Kumar Singh; Avaada Group’s visionary Chairman, Vineet Mittal, along with other distinguished dignitaries from the Government of Uttar Pradesh.
The 70 MW Banda Solar Power Project was completed in just 18 months with an investment of approximately INR 408 crore. This project will not only supply green energy to various industries but also provided employment to around 1,000 people during its construction.
Once operational, this solar project is expected to generate approximately 160 million units of renewable energy annually, significantly contributing to India’s green energy goals and bringing the country closer to a sustainable future.
During the inauguration, Chief Minister of Uttar Pradesh, Yogi Adityanath commended Avaada Group’s strong commitment to bolstering investments in renewable energy within the state, contributing significantly to PM Modi’s ambitious target of achieving 500 GW of renewable energy by 2030.
CM Yogi emphasized that the inauguration of the 70 MW solar power plant marks a significant milestone in the development of the Bundelkhand region. He noted that this project is a testament to the progress being made on the MoUs signed during the UP Global Investors Summit, demonstrating Avaada Group’s dedication to turning commitments into reality.
In his address, he further stated, “As Avaada Group has shown great interest and fulfilled their commitment by establishing this solar power project, I am confident they will continue to explore and expand their efforts in the green energy sector within Uttar Pradesh. I also urge other organizations to seize the opportunities in our state’s renewable energy space and contribute to generating more employment for our people.”
Speaking at the inauguration event, Vineet Mittal, Chairman of Avaada Group, praised the leadership of the Chief Minister of Uttar Pradesh, Yogi Adityanath, along with the state government’s good governance, investor-friendly policies, and remarkable commitment to transforming the state’s power sector.
“As the state continues to evolve and grow, I am proud to reaffirm Avaada’s commitment to Uttar Pradesh. We have established renewable energy plants across various districts, including a 50 MW solar project in Badaun, a solar project at the Ordinance Factory in Kanpur, and, of course, this 70 MW project in Banda. The success of Banda Solar Project would not have been possible without the unwavering support of the Government of Uttar Pradesh. The allocation of 70 MW connectivity by the Uttar Pradesh Power Transmission Corporation Ltd (UPPTCL), the facilitation of land permissions by the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA), and the support in constructing the interconnection bay and transmission line have all been crucial in bringing this vision to life,” Vineet Mittal added.
Speaking about Avaada Group’s plans for the state, Mittal said “Our commitment to Uttar Pradesh is strong and unwavering. We are developing two Pumped Storage Projects with an aggregate capacity of 2,190 MW including 1,560 MW in Sonbhadra and 630 MW in Mirzapur districts, along with around 1,000 MW capacity of solar power projects in Jalaun, Chitrakoot, and Lalitpur districts in UP, with an investment of approximately INR 20,000 crore.”