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AP govt okays NTPC’s Rs 1.1L cr energy park

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Public sector power generator NTPC is to set up a ‘New Energy Park’ at Pudimadaka in Anakapalli district of Andhra Pradesh to produce products out of green hydrogen, green ammonia and green methanol at a cost of Rs 1,10,000 crore in two phases.

NTPC will set up New Energy Park at Pudimadaka in Anakapalli district to produce products of green hydrogen, green ammonia and green methanol with a total investment of Rs. 1, 10,000 crore in two phases with each phase receiving an investment of Rs. 55,000 crore.The first and second phases with employment opportunities to 30,000 and 31,000 people would be completed by 2027 and 2032 respectively.

The Andhra Pradesh State Investment Promotion Board (SIPB) has cleared a chain of investment proposals for establishing several heavy industries in the State on Tuesday.

According to a press release by the AP government, Chief Minister YS Jagan Mohan Reddy presided over the SIPB meeting. He directed the officials to take all necessary steps to stand by the industrialists and investors and ensure that all projects are launched within the stipulated time.

He told them to ensure that 75 per cent of the jobs in all emerging industries are given to locals as per the law enacted, and directed the officials to set up a state-of-the-art IT Park at Bhogapuram in an area of 90 acres.

The press release said Accord Group would set up a Rs 10,000-crore factory at Ramayapatnam to make special minerals like copper cathode, copper rod, sulfuric acid and selenium.

The facility would directly provide 2,500 people jobs and see work start from May 2023 and end by June 2025, according to the release.

Andhra Paper Mills at Kadiyam would go for an expansion at an investment of Rs. 3400 crore. The expansion would be completed by 2025 and provide direct employment to 2,100 people, it further said.

Vizag Tech Park Ltd, a wholly owned subsidiary of Adani Enterprises, would establish a 100- MW data centre at Kapuluppada in three years at a cost of Rs. 7,210 crore by setting up a 10 MW capacity unit in the first phase.

This would offer direct employment to 14,825 people and indirect employment to 5,625. This is in addition to the 200-mg data park which is coming up.

Avisa Foods and Fuels would establish a Rs 498.84 crore ethanol manufacturing unit at Mallavalli Park in Krishna district to produce 500 kilo liters of ethanol daily and would provide employment to 3,300 persons directly and indirectly. The work is proposed to begin by June and be complete in one year, the press release said..

Electro Steel Casting Ltd would set up two factories at Sri Kalahasti and Punganur to manufacture Ferro Alloys and DI pipes with an investment of Rs. 1087 crore providing direct employment to 2350 persons. Out of this, Rs. 915.43 crore would be invested at Sri Kalahasti and construction of both factories would be completed by December 2023.

The press release further said JSW Aluminium Ltd, which has withdrawn its proposal to set up an Aluminum factory in the backdrop of the YSRCP government banning bauxite mining in the State, proposes to set up an MSME Park in the acquired 985 acres of land. This was also approved by the SIPB.

Ecoren Energy India Pvt Ltd would set up wind and solar power projects with 1000 MW capacity each in Anantapur, Sri Sathya Sai, Nandyala, and Kurnool districts in four phases with an investment of Rs. 10,500 crore. These power units, scheduled to be completed by March 2027, will provide employment to 2000 persons.

The Chief Minister said that after the YSRCP government came to power, important changes were brought in the energy policy and the Government is paying Rs. 31,000 for each acre of leased land for the farmers and the Government is also getting Rs. 1 lakh for each Mega Watt from the power companies.

Wing Tech Mobile Communications India Pvt Ltd would set up a unit at Tirupati to manufacture semiconductors and optical modules with an investment of Rs. 1489.23 crore which will provide employment to 15,000 persons.

Deputy Chief Minister (Panchayar Raj and Rural Development) B. Muthyala Naidu, Minister for Finance and Planning Buggama Rajendranath, IT and Industries Minister G. Amarnath, Minister for Agriculture, Food Processing and Cooperation Kakani Govardhana Reddy, Minister for Municipal Administration and Urban Development Audimulapu Suresh, CS K.S. Jawahar Reddy, Special CS (Forests, Environment & Science and Technology) Neerabh Kumar Prasad, Special CS (Industries and Commerce) R. Karikal Valaven, Special CS (Revenue-Commercial taxes) Dr Rajat Bhargava, Special CS (Energy) K Vijayanand, Special CS (GAD) K. Praveen Kumar, Special CS (Finance) S.S. Rawat, Principal Secretary ( Water Resources) Sashi Bhushan Kumar, Director of Industries Srujana, APPCB Member-Secretary Praveen Kumar, AP High Grade Steel Ltd MD Shan Mohan, NREDC VC and MD S.Ramana Reddy and other officials were present.

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