Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy virtually laid the foundation stone for three renewable energy (RE) projects worth Rs 25,850 crore in Nandyala district on 23 August, 2023. These RE projects are likely to generate 5,314 MW of power through solar, wind and pumped energy storage modes.

Out of these three projects, Greenko Energies’ 2,300 MW solar power project with an estimated cost of Rs 10,350 crore will come up at Junuthala village in Owk mandal. Secondly, the 700 MW solar power plant and 314 MW wind power facility, a combined total of 1,014 MW RE project by ArcelorMittal, amounting Rs 4,500 crore, will be located at Kandikayapalle village in Panyam mandal.

The third project of 2,000 MW by Ecoren at Muddavaram village in Bethamcherla mandal involves an investment of Rs 11,000 crore. This project is equally split between solar and wind power generation modes at 1,000 MW each. Overall, these projects are expected to generate employment opportunities for around 5,300 people.

The Chief Minister emphasised that the state government has identified 37 locations to explore the possibility to set up 41,000 MW of pumped storage power projects. In addition, the Andhra Pradesh Power Generation Corporation (APGENCO) has entered into an agreement with NHPC to develop a 1,000 MW pumped storage project at Yaganti and another 950 MW project at Kapalapadu with a combined capacity of 2,000 MW for Rs 10,000 crore. The state government and NHPC will execute these projects together by equally sharing the costs.