PNS | Vijayawada
Special Chief Secretary Energy K Vijayanand hoisted the national flag on the 77th Independence Day on Tuesday. On the occasion, he said Andhra Pradesh is in the forefront across the country in identifying potential sites for promotion of Pumped Storage Hydro Power Projects.
Addressing the gathering on the occasion at Vidyut Soudha in Vijayawada on Tuesday, Vijayanand said that the State Government is giving priority for promotion of Renewable Energy Power projects and has been rolling out multiple initiatives, programs, policies and incentives to accelerate the development of the renewable energy sector.
The special chief secretary said that the Pumped Hydro Storage Power Projects (PSP) offers the highest promise due to their flexible operation to balance the Variable Renewable generation in a short span of time. Considering the huge capital investments required to establish PSP Projects, the Government has notified Andhra Pradesh Pumped Storage Power Promotion Policy 2022 to attract private investments.
Apart from this, the state Government has introduced the Green Hydrogen and Green Ammonia Policy in June this year. It is estimated that there is a green hydrogen demand of 0.34 million tonnes for fertilizer industries and 0.13 million tonnes for the oil refinery sector in our state.
This policy will help to utilize the abundant renewable energy resources in the state for the production of green hydrogen and ammonia.
He along with MD APGENCO & JMD APTRANSCO, K V N Chakradhar Babu, JMD Vigilance APTRANSCO, B Malla Reddy and Chief of Vigilance & Security officer T Panasa Reddy and others participated in the celebrations.
