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
Infrastructure Transport

NF Railway Launches Girder on World’s Tallest Pier Bridge in Manipur

The Northeast Frontier Railway (NFR) has reached a significant engineering milestone by successfully completing the girder launch on the iconic Noney Bridge in Manipur.Regarded as an engineering marvel, the Noney Bridge is recognized as the world’s tallest railway pier bridge. It forms a crucial part of the 111 km long Jiribam-Imphal railway line project.Recently, the final span of the bridge was successfully erected, marking the completion of all eight spans of this monumental infrastructure venture.Kapinjal Kishore Sharma, Chief Public Relations Officer of NFR, stated that this accomplishm..

Next Story
Infrastructure Urban

Cube Highways Trust Reports Rs 34.53 Bn Total Income in FY25

Cube Highways Trust (Cube InvIT), managed by Cube Highways Fund Advisors, concluded its second financial year post-listing on a strong note by reporting a total consolidated income of Rs 34.53 billion for the financial year 2025, marking a 12.3 percent year-on-year (YoY) increase.According to the official media release, Cube InvIT posted a consolidated earnings before interest, tax, depreciation, and amortisation (EBITDA) of Rs 2,380 crore, reflecting a 21.7 percent YoY growth. During the year, traffic volumes increased by 6.2 percent, while the Asset Under Management (AUM) grew 25 percent to ..

Next Story
Infrastructure Transport

New Flyover to Ease Traffic on Hyderabad’s Busiest Road

To improve urban connectivity and reduce traffic congestion in the city, the Greater Hyderabad Municipal Corporation (GHMC) will undertake the construction of a two-lane unidirectional flyover at NFCL Junction in Banjara Hills, along with a two-lane unidirectional underpass and a three-lane unidirectional flyover at TV9 Junction, as part of the state government’s prestigious Hyderabad City Innovative and Transformative Infrastructure (H-CITI) programme.The NFCL Junction flyover will be a two-lane unidirectional structure extending from Banjara Hills Road No. 3 towards GVK Mall. It is planned..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?