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The Hindu
2 days ago
- Business
- The Hindu
Andhra Pradesh govt., NITI Aayog, ISEG Foundation sign MoU on energy transition roadmap
The Andhra Pradesh Government, the NITI Aayog, and the ISEG Foundation entered into a Memorandum of Understanding (MoU) on the State Energy Transition Roadmap on Friday. The MoU was signed in the presence of Chief Minister N. Chandrababu Naidu. On the occasion, Mr. Naidu said that the undivided Andhra Pradesh had pioneered the power sector reforms in the country in 1998. In the year 2014, the residuary State had prioritised renewable energy, enabling lowest-cost power generation. With advances in technology, Andhra Pradesh made remarkable strides, he observed. 'The government is now implementing new policies that allows people to become both producers and consumers of power. If individuals generate electricity, distribution losses can be eliminated. EV adoption will drastically reduce transportation costs. We are focusing on solar, wind, pumped hydro, battery storage, and green hydrogen. Andhra Pradesh has abundant resources to support this vision. I seek NITI Aayog's support to realise it,' the Chief Minister said. As part of the MoU, the government intends to increase the share of renewables in power capacity addition. The current installed power generation capacity in the State is 27.3 GW. The electricity demand increased to 69.7 BU in 2025 from 55.6 BU in 2019. Industrial demand has grown by 4.8% and household demand by 5.1%. The power demand is projected to rise to 163.9 BU by 2035 from 88.6 BU next year. Under the AP Integrated Clean Energy Policy, the govenment targets 78.50 GW solar, 35 GW wind, 22 GW pumped storage, 1.50 MMTPA green hydrogen, 25 GW battery storage, 1,500 KLPD ethanol, 5,000 EV charging stations, and 10,000 TPD bio-CNG/CBG by 2029. The State has already attracted ₹5.78 lakh crore investments in clean energy, enabling 57.7 GW of power generation. Energy Minister Gottipati Ravikumar, NITI Aayog CEO B.V.R. Subrahmanyam, Chief Secretary Vijayanand, and representatives of the ISEG Foundation were present.
New Indian Express
22-04-2025
- Business
- New Indian Express
Andhra approved two renewable energy projects
VIJAYAWADA: The State government has approved two major renewable energy projects totalling 628 MW—540 MW solar in Anantapur and an 88 MW wind project in Kurnool, according to Energy Department orders issued on April 10. ReNew Vikram Shakti Pvt. Ltd. will set up solar plants in Utakallu, Ubicherla, Bethapalle, Dharmapura, Mamdur, and Edurur villages across Gooty and Pamidi mandals. JSW Neo Energy Ltd. will establish the wind farm in Aspari, Kurnool district. The proposals were cleared after technical and financial evaluations by the New and Renewable Energy Development Corporation of AP (NREDCAP). The projects come under the AP Integrated Clean Energy Policy, 2024, which aims to expand the state's renewable energy capacity. Developers will receive government or revenue land on a 30-year lease at Rs 31,000 per acre annually, with a 5% increase every two years. Land conversion fees are waived, and the status will be deemed non-agricultural. Power generated will be primarily exported, with no mandate for local DISCOM procurement. However, the State holds the right of first refusal for up to 30% of the capacity, subject to tariff approval by the State Electricity Regulatory Commission (SERC). APTRANSCO will handle power evacuation to Central Transmission Utility substations, with infrastructure provided by developers. Projects must be completed within 24 months. Eligible Central grants may be availed without burdening State finances. Several departments will coordinate implementation.
