+
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
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?