NHPC makes Joint Venture Agreement with APGENCO
The collaboration of NHPC and APGENCO will accelerate in expeditious development of the untapped potential of Pumped Storage Hydro Power Projects and other Renewable sources of energy in the state.
NHPC makes Joint Venture Agreement with APGENCO
New Delhi: NHPC and APGENCO have signed a Joint Venture Agreement for the implementation of Pumped Storage Hydro Power Projects and other Renewable Energy Projects in Andhra Pradesh in phases.
According to the agreement, in the first phase two projects namely Yaganti PSP (1000 MW) & Rajupalem PSP (800 MW) are considered for joint implementation. Subsequently, other projects shall be identified in the next phase.
The Agreement was exchanged in the auspicious presence of N. Chandrababu Naidu, Chief Minister of Andhra Pradesh between R.K. Chaudhary, Chairman & Managing Director, NHPC, and KVN Chakradhar Babu, Managing Director, APGENCO.
Read Also : Bank of Baroda - India’s second largest public bank, adopts ‘Make in India’ Switches to upgrade its banking infraOn this occasion, Gottipati Ravi Kumar, Energy Minister of Andhra Pradesh, K. Vijayanand, Special Chief Secretary (Energy), Government of Andhra Pradesh, R.P. Goyal, Director (Finance), NHPC, Rajat Gupta, Executive Director (SBD&C), NHPC, Smt. Kirthi Chekuri, JMD, APTRANSCO were also present.
The collaboration of NHPC and APGENCO will go a long way in expeditious development of untapped potential of Pumped Storage Hydro Power Projects and other Renewable sources of energy in the state.
This marks a significant step forward in developing energy storage solutions in the State of Andhra Pradesh, aligning with the national goals of achieving 500 GW of renewable energy by 2030 and Net Zero by 2070.
Read Also : Bank of India enters into an MOU to provide salary account facilities for Coal India Limited employeesNews Must Read
- Garden Reach Shipbuilders receives LoA from Government of West Bengal
- Bank of Baroda Q2 business update: Domestic deposits up by 7%, global business expands 10.23%
- NTPC Unchahar Head of Project Conquers Everest Base Camp
- PM Narendra Modi inaugurates GAIL’s CBG Plant in Ranchi
- SBI to add 600 branches in its network during FY25: Chairman C S Setty
- Power Grid signs SHA with RVPN to form JV in Rajasthan
- NHPC CMD highlights critical importance of dams in India's water management
- NTPC Mining delivers stellar performance in Half Yearly of FY2024-25
- HAL Delivers First AL-31FP Aero Engine to IAF Under New Contract
- HAL’s Advanced Light Helicopter all set for ONGC Offshore Missions