&w=3840&q=100)
Naidu eyes AP as green energy hub with ₹14 trn investment pipeline
Out of the ₹14 trillion investments, projects around ₹9.2 trillion have been cleared. They have either got land allotted by the government, which completes one year on Thursday, or received government incentives.
The major investors include NTPC Green Energy (₹1.85 trillion), ArcelorMittal Nippon India (₹1.35 trillion), Indosol Solar (₹1.29 trillion), NHPC (₹1 trillion), Bharat Petroleum Corporation (₹96,862 crore), and Reliance Industries (₹65,000 crore), among others.
Driven by an attractive Integrated Clean Energy Policy launched in October 2024, which fast-tracked clearances and lined up fresh sops, the state also grabbed a considerable share of the country's renewable energy investments in the last one year.
In renewables too, major committed investments are coming from Tata Power (₹49,000 crore), multiple projects by NTPC Green (₹2.08 trillion), Vedanta's Serentica (₹50,000 crore), SAEL Industries (₹6,000 crore), and Brookfield (₹50,000 crore), among others.
Green energy major ReNew Power is also set to come up with a ₹22,000-crore renewable project at Anantapur in Andhra Pradesh, which is going to be the largest renewable energy (RE) complex in India. The complex will manufacture around 2.5 gigawatts (Gw) of RE power and a battery energy storage system (BESS) of 1 gigawatt hour (Gwh), in two phases.
According to a Central Electricity Authority (CEA) roadmap, of the target of 500 Gw generation capacity from non-fossil fuel resources by 2030, 86 Gw of RE potential is in South India. Out of this 86 Gw, around 51 Gw has been identified in Andhra Pradesh (Anantapur – 20 Gw, Kurnool – 23 Gw, and Kadapa – 8 Gw). The policy in October mainly targeted large-scale promotion of RE, pumped storage power (PSP), green hydrogen, and its derivatives through the optimum utilisation of available resources.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
5 hours ago
- Time of India
Vizag celebrates I-Day on a grand note
1 2 Visakhapatnam : Several educational institutions and government organisations celebrated the 79th Independence Day on a grand scale in Visakhapatnam on Friday. The celebrations were held at the GVMC office under the leadership of Visakhapatnam mayor P Srinivasa Rao, with the participation of deputy mayor Dalli Govindaraju, corporators, GVMC officials, staff, and GVMC commissioner Ketan Garg. In his message, the mayor expressed gratitude to the sanitation workers, citizens, and officials who are tirelessly working for the development of Visakhapatnam. He appreciated the support of the NDA government in promoting Visakhapatnam as the financial capital of the state and in securing the railway zone. He said that chief minister N Chandrababu Naidu is taking the initiative to transform Visakhapatnam into a clean, green, and healthy city. He expressed hope that Visakhapatnam will continue to progress, with its citizens leading healthy and fulfilling lives. The mayor also presented the GVMC progress report during his address. At the VMRDA office, metropolitan commissioner KS Viswanathan hoisted the national flag. He said that chief minister N Chandrababu Naidu is committed to the economic development of the state. He also praised the efforts of VMRDA staff, whose contributions have significantly enhanced the organisation's financial discipline and overall progress. IIM Visakhapatnam director Prof M Chandrasekhar, in his speech, highlighted India's "robust" economic performance. He noted that the country is currently achieving a real GDP growth rate of 6.5%, driven by low inflation, buoyant capital markets, and strong export growth. In contrast, global benchmarks show China growing at 4.6%, the United States at 1.6%, and the world average at 2.4%, positioning India as a standout performer on the global stage. He also pointed out that India's capital market remains a key engine of growth, commanding 30% of the global IPO market share. Foreign direct investment inflows have reached $81 billion, forex reserves stand at $700 billion, and exports have touched $825 billion. He further highlighted the rise of 'sunrise sectors' in which India is making remarkable global strides. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area. Get the latest lifestyle updates on Times of India, along with Happy Krishna Janmashtami Wishes ,, messages , and quotes !
The Hindu
13 hours ago
- The Hindu
Andhra Pradesh committed to poverty eradication and 24x7 quality power: Minister
Andhra Pradesh is determined to eradicate poverty while ensuring an uninterrupted supply of quality electricity, said Minister for Energy Gottipati Ravi Kumar. Speaking after hoisting the national flag at the 79th Independence Day celebrations in Bapatla on Friday, the Minister reaffirmed the government's commitment to welfare and development. He said the P4 scheme had been launched as part of the State's poverty eradication efforts, with 65 lakh social security pensions distributed on the first day of every month. Farmers are being supported through the Annadata Sukhibhava scheme, while fishermen receive financial aid during the fishing ban period along with livelihood support through fish farming in the Gundlakamma reservoir. Highlighting infrastructure initiatives, the Minister said ₹490 crore is being spent on expanding Nizampatnam Shipping Harbour, while Bapatla beach is being developed into a tourist hub. CCTV cameras are being installed for improved crime prevention. On the power sector, he said Andhra Pradesh supplies 24x7 quality electricity to all consumers, provides nine hours of free power to agricultural pump sets, offers subsidised power to aqua farmers at ₹1.50 per unit, and supplies free power to handlooms, powerlooms, and up to 200 units for SC/ST households. The Minister also noted that the State's Integrated Clean Energy Policy has attracted ₹4.56 lakh crore in investments, with the goal of making Andhra Pradesh the Green Hydrogen Capital of India. District Collector J. Venkata Murali, SP Tushar Dudi, and other officials were present on the occasion.
New Indian Express
20 hours ago
- New Indian Express
Viable power generation benefits consumers: Andhra Pradesh CM Naidu
VIJAYAWADA: Chief Minister N Chandrababu Naidu emphasised that cost-effective power generation and distribution are key to benefiting consumers. During a review meeting at the Secretariat, he assessed the implementation of the Energy Portfolio Management System (EPMS) aimed at optimising short-term power procurement. Officials informed the CM that EPMS is functioning efficiently, enabling significant cost savings for power distribution companies (Discoms). Intra-day and block-wise purchases have further contributed to these savings, according to Chief Secretary Vijayanand. The CM directed officials to leverage AI-based demand forecasting and capacity planning tools for accurate projections. He also instructed them to develop power generation and distribution plans tailored to the state's diverse climatic conditions. Analysing past power purchases and future requirements, the CM stressed the need for efficient market procurement strategies. Officials highlighted that EPMS could substantially reduce procurement costs through advanced technologies like artificial intelligence and machine learning, which enhance demand forecasting, unit commitment, price forecasting, market analysis, and bid management. The CM underscored the growing importance of green energy and urged the swift completion of solar, wind, and pumped storage projects. He highlighted the critical role of battery storage projects in addressing surplus power storage issues and directed officials to evaluate their costs compared to market purchases.
