Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy on Wednesday (August 23) just about laid the foundations for 3 Renewable Vitality (RE) tasks with a complete capability of 5,314 Megawatts (MW).
These tasks are being arrange at Junuthala in Owk Mandal of Kurnool district (2,300MW photo voltaic park), Kandikayapalle village of Panyam Mandal in Nandyal district (700 MW photo voltaic and 314 MW wind) and Muddavaram in Bethamcherla Mandal of Nandyal district (1,000MW photo voltaic and 1,000MW wind) in collaboration with Greenko, ArcelorMittal Inexperienced Vitality and Ecoren Vitality respectively.
Moreover, a 50:50 three way partnership settlement was signed on behalf of the Andhra Pradesh Energy Technology Company (APGENCO) and the Nationwide Hydropower Company Restricted (NHPC) for the institution of two Pumped Storage Hydropower Tasks (PSHPs) with a complete capability of 1,950MW (a 1,000MW unit at Yaganti in Nandyal district and a 950MW unit at Kamalapadu in Anantapur).
Mr. Jagan Mohan Reddy stated the tasks have been an enormous leap taken by A.P. in the direction of realising the potential of RE in tune with the regular world shift from fossil gasoline–based mostly energies to environment-friendly sources of energy.
He noticed that the PSHPs have been like ‘pure synthetic batteries’ that might generate clear energy through the peak hours, and said that 37 areas had been recognized as PSHP websites with an mixture capability of 41,000 MW.
Of them, feasibility research have been accomplished at 29 areas for 33,240MW, Detailed Venture Studies have been ready for 20,900MW and tasks with 16,180MW capability have been allotted up to now. Feasibility research are ongoing at three extra potential areas for PSHPs with 2,750MW capability.
Mr. Jagan Mohan Reddy stated that, as on date, the State was producing about 9,000MW of RE and was within the course of of shopping for 7,200MW of solar energy from the Photo voltaic Vitality Company of India at ₹2.49 per unit to offer free energy to the agriculture sector for 9 hours a day.
Moreover creating employment for locals, he stated, the RE tasks will fetch the federal government royalty on the charge of ₹1 lakh per MW, along with GST, for a number of a long time.
Then again, farmers who supply their winds up for the RE tasks can be given a lease lease of ₹30,000 per acre each year with a 5% escalation each two years.
British Deputy Excessive Commissioner for AP and Telangana Gareth Wynn Owen, Vitality Minister Peddireddy Ramachandra Reddy, Chief Secretary Ok.S. Jawahar Reddy, APGENCO MD Ok.V.N. Chakradhar Babu, NHPC Director (finance) R.P. Goyal, and Government Director Rajat Gupta and others have been current.