Andhra Pradesh govt seeks foreign investment in renewable energy sector
POWER & RENEWABLE ENERGY

Andhra Pradesh govt seeks foreign investment in renewable energy sector

The Andhra Pradesh energy department is exploring new investment avenues for renewable energy projects that it has planned on a massive scale. The state has identified 29 feasible locations for pumped hydro storage projects with a total capacity of 33 GW on approximately 1.45 lakh acres of land in the districts of Kadapa, Kurnool, and Anantapur.

According to preliminary estimates, the state can lease out approximately 5 lakh acres of land for these projects, equipment manufacturing facilities, and so on. The government reached out to the Western Australian government delegation in Visakhapatnam on Saturday to explain the state's emphasis on renewable energy.

Prudhvi Tej, joint managing director of APTransco, stated that Andhra Pradesh has prepared a "renewable energy export policy 2020" to encourage investments in the renewable energy sector. "This is intended not only to strengthen the energy sector, but also to generate revenue, create local employment, and raise the living standards of the people of the state." "This will also help Andhra Pradesh's industrial and economic development," he said, adding that under the policy, renewable energy can be produced and exported to other states without incurring any obligations to the state discoms.

See also:
Andhra plans large-scale power saving in new housing scheme..
Tata Power invests $750 billion in green energy..


The Andhra Pradesh energy department is exploring new investment avenues for renewable energy projects that it has planned on a massive scale. The state has identified 29 feasible locations for pumped hydro storage projects with a total capacity of 33 GW on approximately 1.45 lakh acres of land in the districts of Kadapa, Kurnool, and Anantapur. According to preliminary estimates, the state can lease out approximately 5 lakh acres of land for these projects, equipment manufacturing facilities, and so on. The government reached out to the Western Australian government delegation in Visakhapatnam on Saturday to explain the state's emphasis on renewable energy. Prudhvi Tej, joint managing director of APTransco, stated that Andhra Pradesh has prepared a renewable energy export policy 2020 to encourage investments in the renewable energy sector. This is intended not only to strengthen the energy sector, but also to generate revenue, create local employment, and raise the living standards of the people of the state. This will also help Andhra Pradesh's industrial and economic development, he said, adding that under the policy, renewable energy can be produced and exported to other states without incurring any obligations to the state discoms.See also: Andhra plans large-scale power saving in new housing scheme.. Tata Power invests $750 billion in green energy..

Next Story
Infrastructure Energy

South West Pinnacle Wins Rs 30 Cr Oman Mining Contract

South West Pinnacle Exploration Ltd has secured a Rs 30 crore contract from Minerals Development Oman (MDO) for mining exploration in concession areas 12B and 13.The two-year project will be carried out via Alara Resources LLC, a JV in Oman. MDO, backed by Oman’s investment authorities, focuses on monetising mineral wealth.The contract covers copper, gold, and chromite and highlights South West Pinnacle’s growing footprint in international exploration and mining services. ..

Next Story
Equipment

Godrej GEG Boosts Intralogistics with AI and Green Tech

Godrej Enterprises Group (GEG) is revolutionising warehouse and factory logistics through its Material Handling Equipment and Storage Solutions arms by integrating AI, IoT, and automation.With 20–25% market share and 85% local sourcing, GEG champions Atmanirbhar Bharat and sustainability. The Chennai plant, a green manufacturing leader, uses RoHS-compliant materials and has slashed energy consumption by 60%.GEG serves e-commerce, FMCG, retail, and cold chains with high-performance racking and electric forklifts. Upcoming IoT-enabled forklifts and telematics solutions aim to improve speed, sa..

Next Story
Infrastructure Urban

Amit Shah Inaugurates Key Projects Across Gujarat

Union Home Minister Amit Shah inaugurated and laid the foundation stone for various projects in Gujarat’s Panchmahal district and Ahmedabad.In Godhra, he inaugurated the Center of Excellence building, sports complex, reservoir, and Miyawaki plantation. In Ahmedabad, he unveiled a new cooperative complex in Adaroda village and a primary school in Juwal.These projects, under the Model Co-op Village scheme, aim to boost education, sustainability, and rural development across the state. ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?