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..

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code