+
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.

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?