PNS | Vijayawada
Chief Minister YS Jagan Mohan Reddy, along with Energy Minister Peddireddi Ramachandra Reddy, will lay foundation stone three significant renewable energy projects in Nandyal district on Wednesday. The virtual foundation-laying ceremony will mark the commencement of these projects, which include a 2300 MW Solar Power Project in Junuthala village of Owk mandal, a 1014 MW project (comprising 700 MW Solar and 314 MW Wind Power) in Kandikayapalle village of Panyam mandal, and another 2000 MW project (consisting of 1000 MW Solar and 1000 MW Wind Power) in Muddavaram village of Bethamcherla mandal, all located in Nandyal district.
In preparation for this event, KVN Chakradhar Babu, the Managing Director of APGenco & Joint Managing Director of AP Transco, conducted a comprehensive review of the programme’s arrangements with officials from the power sector.
The Managing Director elaborated on the collaborative efforts behind these projects. The 2300 MW solar project is being developed in partnership with M/s Greenko, the 1014 MW project (comprising 700 MW Solar and 314 MW Wind Power) with M/s. AM Green Energy, and the 2000 MW project (comprising 1000 MW Solar and 1000 MW Wind Power) with M/s Ecoren Energy. He also highlighted that, with the guidance and support of Special Chief Secretary Energy K Vijayanand, AP Genco will enter into a Memorandum of Understanding (MoU) with the National Hydro Power Corporation (NHPC) to promote Pumped Storage Power Projects.
Detailing the progress towards the MoU with NHPC, the Managing Director mentioned, “The Chief Minister, during the Global Investor Summit in March 2023, took a proactive approach to boost investments in renewable energy to meet our Intended Nationally Determined Contributions (INDC) commitments to reduce carbon emissions. Consequently, a meeting chaired by Energy Minister Peddireddy Ramachandra Reddy was held on April 20, involving Power Utilities. They were advised to identify projects and expedite clearance procedures. The AP Genco Board granted approval on June 16 to finalize the Memorandum of Understanding (MoU) with M/s. NHPC Ltd for the implementation of the Yaganti and Kamalapadu pumped storage projects in the State of Andhra Pradesh, along with other projects in Phase-II.”
Furthermore, Chakradhar Babu highlighted the advantages of the MoU, such as optimising the use of APGENCO/Government of AP resources, sharing risks and costs through a 50:50 Joint Venture partnership, expediting project execution to enhancing the State’s capacity and grid stability, access to additional resources including technology, knowledge, and expertise from M/s. NHPC, and facilitating priority statutory clearances from CWC / CEA / MOP / MOWR / MOEF.
The State government’s efforts to fortify the energy sector are expected to catalyse the transformation of the state into a thriving economic and industrial hub. It will also position the state as a prominent destination for clean and affordable energy. The government’s primary objective is to make affordable power accessible to every household, thus contributing to improved economic and living standards. Additionally, a “White Paper on Green Hydrogen Investment Opportunity in Andhra Pradesh” will be released during the same event.
