Vijayawada : Aimed at ushering in a revolution of electric vehicles, the New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) is facilitating the setting up of 250 charging stations this year, and another 100 next year. As part of this initiative, Energy Minister Peddireddy Ramachandra Reddy has inaugurated a charging station near Durga […]
Investment worth Rs 73,000 crore brought to Andhra in 3 years: Minister – EQ Mag
Visakhapatnam (Andhra Pradesh) [India] : Highlighting Andhra Pradesh as a favoured destination for investment, state Industries Minister Gudivada Amarnath on Friday said investment worth Rs 73,000 crore has been brought in the state in the last three years. Addressing a press conference, Minister Amarnath said that Jagan Mohan Reddy government gave impetus to the industrial […]
Andhra will lead renewable energy sector, says Jagan – EQ Mag Pro
Jagan performed the first cement pouring ceremony for the IRESP, which is being established by the Greenko Group in Kurnool, on Tuesday. KURNOOL: Asserting that Andhra Pradesh would be at the forefront of generating renewable energy once the world’s largest Integrated Renewable Energy Storage Project (IRESP) is executed, Chief Minister YS Jagan Mohan Reddy said […]
Solar industry fears Punjab PPA renegotiation – EQ Mag Pro
According to sources, the Punjab Electricity Development Agency had met officials from major renewable energy players on October 29 with the agenda to discuss the prospects of tariff reduction. Soon after assuming office in May 2019, Andhra Pradesh chief minister YS Jaganmohan Reddy had revised the PPAs, signed by the previous government, with solar and […]
Andhra CM urges PM’s intervention over energy crisis in state
Y.S. Jagan Mohan Reddy, Chief Minister, Andhra Pradesh, sought urgent intervention of Prime Minister Narendra Modi on October 8, 2021, on matters relating to the unfolding energy crisis in the state. In a letter to the Prime Minister, Chief Minister requested his urgent personal attention to monitor the scenario and initiate appropriate measures to tide […]
Andhra govt’s successful solar initiative offsets free power supply to farmers
The YSRCP government had issued tenders for the development of 6,400 MW solar power plant with an aim to reduce the subsidy burden resulting from the supply of uninterrupted free power to farmers across the state. The Andhra Pradesh government, which has developed 6,400 MW solar power plants, has procured close to 14,000 million units […]
Kinetic Green plans to invest Rs 1,750 cr in golf cart, battery swapping projects in Andhra
Kinetic Green Energy & Power Solutions, which is a part of the Pune-based Kinetic Group, had in February 2018 announced setting up of a joint venture with Tonino Lamborghini in India Mumbai : EV maker Kinetic Green is looking to set up a manufacturing facility for electric golf carts besides a battery swapping unit at […]
Andhra plans to transfer power assets to APPFCL
Move may help cash-strapped state borrow at competitive rates, clear power dues Gencos and discoms plan to transfer certain assets to AP Power Finance Corp Desperate times need desperate measures. The Andhra Pradesh government plans to transfer the assets of state power generation companies (gencos) and distribution companies (discoms) to the Andhra Pradesh Power […]
HC directs Andhra government to clear Rs 1,450 Cr dues to renewable power firms
Hyderabad: The Andhra Pradesh High Court on Friday directed the power distribution companies to clear its Rs 1,450 crore dues to solar and wind power producers for the power it purchased from them. The amount is to be paid to the producers within four weeks. A division bench of the HC comprising chief justice […]
SECI moves to claim Andhra’s dues from central devolution
Solar Energy Corp. of India‘s move may further exacerbate the growing crisis between the Centre and the Andhra government. The move to collect dues for supplying solar energy may further exacerbate the growing crisis between the Centre and the Andhra Pradesh government The tripartite agreement between the Reserve Bank of India (RBI), the Union government, […]