NHPC Partners with APGENCO for Green Energy Projects
POWER & RENEWABLE ENERGY

NHPC Partners with APGENCO for Green Energy Projects

NHPC Limited, India's leading hydropower firm, and Andhra Pradesh Power Generation Corporation (APGENCO) Limited, an entity of the Andhra Pradesh government, have inked a pivotal Memorandum of Understanding (MoU) to propel the development of Pumped Hydro Storage Projects and Renewable Energy Initiatives within the state.

The initial phase of this MoU revolves around two Pumped Hydro Storage Projects with a combined capacity of 1,950 Megawatt. The identified projects, Kamlapadu (950 MW) and Yaganti (1,000 MW), will be executed as Joint Ventures, fostering local economic growth and generating substantial employment opportunities.

The agreement, signed on August 23, 2023, in Tadepalli, Guntur, Andhra Pradesh, marked the presence of Chief Minister Shri Y. S. Jagan Mohan Reddy. The pact was endorsed by NHPC's Director (Finance), Shri R.P. Goyal, and APGENCO's Managing Director, Shri K. V. N. Chakradhar Babu.

The MoU's primary objective is to employ Pumped Storage Projects as Energy Storage Solutions in alignment with India's vision to achieve 500 GW of non-fossil fuel based electricity capacity by 2030 and attain Net Zero by 2070.

Utilising surplus power during off-peak hours, the Pumped Storage System operates by transferring water from a lower reservoir to an upper reservoir. This stored energy is subsequently released during peak demand, effectively mitigating power shortages.

With NHPC's impressive track record encompassing a total installed renewable capacity of 7,097.2 MW, this collaboration solidifies their commitment to green energy and bolsters India's sustainable energy landscape.

NHPC Limited, India's leading hydropower firm, and Andhra Pradesh Power Generation Corporation (APGENCO) Limited, an entity of the Andhra Pradesh government, have inked a pivotal Memorandum of Understanding (MoU) to propel the development of Pumped Hydro Storage Projects and Renewable Energy Initiatives within the state.The initial phase of this MoU revolves around two Pumped Hydro Storage Projects with a combined capacity of 1,950 Megawatt. The identified projects, Kamlapadu (950 MW) and Yaganti (1,000 MW), will be executed as Joint Ventures, fostering local economic growth and generating substantial employment opportunities.The agreement, signed on August 23, 2023, in Tadepalli, Guntur, Andhra Pradesh, marked the presence of Chief Minister Shri Y. S. Jagan Mohan Reddy. The pact was endorsed by NHPC's Director (Finance), Shri R.P. Goyal, and APGENCO's Managing Director, Shri K. V. N. Chakradhar Babu.The MoU's primary objective is to employ Pumped Storage Projects as Energy Storage Solutions in alignment with India's vision to achieve 500 GW of non-fossil fuel based electricity capacity by 2030 and attain Net Zero by 2070.Utilising surplus power during off-peak hours, the Pumped Storage System operates by transferring water from a lower reservoir to an upper reservoir. This stored energy is subsequently released during peak demand, effectively mitigating power shortages.With NHPC's impressive track record encompassing a total installed renewable capacity of 7,097.2 MW, this collaboration solidifies their commitment to green energy and bolsters India's sustainable energy landscape.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code