Menu

Andhra Pradesh State Investment Promotion Board clears proposals worth ₹22,302 crore

Chaired by the Chief Minister, the SIPB cleared the proposal of JSW Neo Energy Ltd to set up four solar power projects across the state.

Published Jan 31, 2024 | 11:19 AMUpdated Jan 31, 2024 | 11:19 AM

AP Chief Minister Jagan Mohan Reddy chairing the SIPB meeting. (CMOAndhraPradesh/ X)
Make Us Your Preferred Source on Google

The Andhra Pradesh State Investment Promotion Board (SIPB) on Tuesday, 30 January, approved proposals worth ₹22,302 crore for establishing energy industries in the state, which will create 5,300 jobs.

Chaired by Chief Minister YS Jagan Mohan Reddy, the SIPB meeting cleared the proposal of JSW Neo Energy Ltd to set up four solar power projects across the state to generate 3,350 MW of power at an investment of ₹12,065 crore.

Energy projects

JSW will establish a 400 MW project at Chakrayapeta in YSR District, a 1,050 MW project (Mudigubba in Sri Satya Sai District), a 1050 MW project (Rapthadu and Kanaganapally in Anantapur district) and an 850 MW project (D Hirehal and Bommnaal in Anantapur district) respectively, said an official press release.

These units are expected to provide direct employment to 3,300 people.

JSW will also establish 171 MW wind power projects at Kunukuntla in Owk mandal of Nandyala district and Jaladurgam village in Kurnool district at a cost of ₹1,287 crore and employment potential for 200 persons.

Aqua Green Engineering Management Pvt Ltd’s proposal to establish a 1,000 MW solar power unit at Puligundlapally in Talupula mandal of Sri Satyasai district was also cleared, entailing an investment of ₹4,000 crore and employment to 1,000 people.

Ecogreen Energy India Pvt Ltd will set up a 200 MW wind power unit at Aspari in Kurnool district at an outlay of ₹1,350 crore, and also generate 200 jobs.

Renew Vikram Shakti Pvt Ltd will establish 600 MW wind power projects in Sri Satyasai and Anantapur districts at an investment of ₹3,600 crore and employment potential of 600 jobs.

Also Read: Why Andhra Congress chief Sharmila calling brother ‘Jagan Reddy’ has left YSRCP fuming

(Disclaimer: The headline, subheads, and intro of this report along with the photos may have been reworked by South First. The rest of the content is from a syndicated feed, and has been edited for style.)

journalist-ad