APGENCO-NHPC JV to Boost Andhra Pradesh’s Renewable Energy.

*APGENCO-NHPC JV to Boost Andhra Pradesh’s Renewable Energy*

*Headed by Hon’ble Chief Minister of Andhra Pradesh, Shri Nara Chandrababu Naidu*

Amaravati (prajaamaravati );In a landmark step towards achieving a greener and more sustainable future, a historic Joint Venture agreement has been signed between Andhra Pradesh Power Generation Corporation Limited (APGENCO) and National Hydroelectric Power Corporation Limited (NHPC) for the implementation of large-scale renewable energy projects in the state. The agreement was signed under the esteemed leadership of the Hon’ble Chief Minister of Andhra Pradesh, Shri Nara Chandrababu Naidu, with the vision of positioning Andhra Pradesh as a leader in the renewable energy sector.

The agreement, witnessed by Shri Gottipati Ravi Kumar, Hon'ble Energy Minister of Andhra Pradesh, Shri K. Vijayanand, Energy Secretary of the Government of Andhra Pradesh, Shri K. V. N. Chakradhar Babu, Managing Director of APGENCO, Smt. Kirti Chekuri, JMD of APTRANSCO, CMD of NHPC, Shri Raj Kumar Chaudhary, and other directors of APGENCO & APTRANSCO marks a significant leap towards the state’s renewable energy goals. This Joint Venture will focus on the development of solar power plants and pumped storage projects to meet the growing energy demands of Andhra Pradesh while reducing the carbon footprint.

Key Highlights

1. APGENCO, with an installed capacity of 8,800 MW, currently supplies around 47% of Andhra Pradesh’s energy requirements. As an initiative in RE establishment in 2015, solar power plants of 405 MW, have been established in the state by March 2019. In the next five years from now, APGENCO plans to add an additional 8,560 MW of power capacity through various renewable energy initiatives.

2. NHPC, with an existing installed capacity of 7,100 MW, is on a path to expand its portfolio with an additional 46,400 MW of green energy projects across the country, making it a pivotal player in India's renewable energy transformation.

3. Andhra Pradesh is poised to lead in renewable energy development with the Government of India and the Government of Andhra Pradesh fully committed to combating climate change and pollution by promoting solar, wind, and pumped storage projects.

4. NREDCAP (New and Renewable Energy Development Corporation of Andhra Pradesh) has identified 36 locations for pumped storage projects with a combined capacity of 39,000 MW, demonstrating the state’s commitment to renewable energy development.

5. APGENCO is taking a bold step by establishing solar power plants with a combined capacity of 11,200 MW to provide input power for its new pumped storage projects with a capacity of 6,020 MW. The required land for these solar power projects will be leased from local landowners, ensuring a sustainable and community-focused approach to development.

6. APGENCO is also setting up 150 MW of solar power plants on vacant land within its existing power plant premises and APTRANSCO substations, further optimizing available resources for renewable energy generation.

7. The Joint Venture between APGENCO and NHPC will see the development of 5,070 MW across five pumped storage projects, which are currently in various stages of development and expected to be commissioned within the next five years.

The Hon'ble Chief Minister Shri Nara Chandrababu Naidu expressed his deep commitment to renewable energy and lauded the efforts of both APGENCO and NHPC. He remarked that this Joint Venture is a key milestone that will not only secure the energy future of Andhra Pradesh but also contribute significantly to the country’s overall renewable energy targets. He also emphasized the need for such green energy initiatives to combat the global challenges of climate change and rising pollution levels.

The Hon'ble Energy Minister Shri Gottipati Ravi Kumar praised the APGENCO-NHPC Joint Venture as a key milestone in securing Andhra Pradesh's energy future and contributing to national renewable energy goals. He emphasized the importance of green energy initiatives in tackling climate change and pollution.

Speaking on the occasion, Energy Secretary Shri K. Vijayanand stated that the partnership between APGENCO and NHPC would serve as a model for other states, helping to meet both local and national energy requirements sustainably.

Shri K. V. N. Chakradhar Babu, MD of APGENCO, expressed his confidence in the corporation’s ability to contribute meaningfully to the renewable energy sector, highlighting the progress of key projects such as the Upper Sileru Pumped Storage Project (1,350 MW) and the Kamalapadu Pumped Storage Project (950 MW), both of which are expected to be grounded soon.

The CMD of NHPC also reiterated NHPC’s commitment to developing sustainable energy solutions in collaboration with APGENCO, ensuring that Andhra Pradesh remains at the forefront of India’s renewable energy movement.

With this joint initiative, Andhra Pradesh is on track to becoming a national leader in renewable energy, contributing to both state and national goals for a sustainable and energy-secure future.