Andhra Pradesh Set to Usher 5,314 MW of Renewable Energy

By Saur News Bureau/ Updated On Wed, Aug 23rd, 2023

Highlights :

Greenko, which delves into Pumped Storage Projects will establish a 2,300 MW solar power project at Junuthala village in Owk Mandal. A 1,014 MW project, which will entail a 700 MW solar power plant and 314 MW wind power plant, will be set up by AM Green Energy at Kandikayapalle village. Another renewable energy project entailing 1000 MW each of solar and wind will be established by Ecoren Energy at Muddavaram village in Bethamcherla Mandal.

Andhra Pradesh Set to Usher 5,314 MW of Renewable Energy

Andhra Pradesh is set to give a major push to renewable energy in the State.

Chief Minister YS Jagan Mohan Reddy will lay the foundation for three renewable energy projects boasting an aggregate capacity of 5,314 MW.

Greenko, which delves into Pumped Storage Projects will establish a 2,300 MW solar power project at Junuthala village in Owk Mandal. A 1,014 MW project, which will entail a 700 MW solar power plant and 314 MW wind power plant, will be set up by AM Green Energy at Kandikayapalle village. Another renewable energy project entailing 1000 MW each of solar and wind will be established by Ecoren Energy at Muddavaram village in Bethamcherla Mandal.

APGENCO & NHPC Partnership

Andhra Pradesh Power Generation Corporation (APGENCO) and NHPC (National Hydroelectric Power Corporation) have joined hands to promote the projects. APGENCO will enter into an agreement with NHPC to give a push to Pumped Storage Power Projects.

APGENCO had also given its nod for MoU with NHPC for the execution of Yaganti and Kamalapadu pumped storage projects and other projects in Phase II on June 16.

APGENCO and NHPC will carry out fresh pumped storage and renewable energy projects by way of a joint venture firm. This will pave the path for optimal utilisation of resources of APGENCO as well as the State Government with the sharing of risks and costs. Projects will also be expedited along greater capacity additions.

APGENCO also revealed that the State will also release a white paper on opportunities in investment in Green Hydrogen in Andhra Pradesh soon.

APGENCO concluded about the massive push to renewable energy in Andhra Pradesh, “The State will become a destination for clean and affordable energy.”

Andhra Pradesh is fast emerging as a destination for renewable energy projects. Recently, distributed clean energy solutions provider Amplus Solar entered into a Memorandum of Understanding (MoU) with the Andhra Pradesh government. Hero Future Energies plans to invest a sum of INR 30000 Crores to set up RE facilities (solar and wind) for C&I customers, utility projects and green hydrogen derivatives in Andhra Pradesh and signed an MoU with the State government in March.