The investment is recognition of power’s key role in state gross domestic product

April 20, 2015

The State Government has decided to make investment of Rs. 22,600 Crores in various sectors of Generation, Transmission, Distribution, Renewable Energy and Energy Conservation in the year 2015-16. They include Rs. 1500 crore for Generation (Conventional); Rs. 4,000 crore for Transmission; Rs. 4,000 crore for Distribution; Rs. 8,400 crore for Renewable; Rs. 200 crore Solar Pumpsets; Rs. 2000 crore for Solar Parks; Rs. 2,000 crore for Solar Distribution and Rs. 500 for Energy Conservation.

Recognizing power sector as the primary factor and growth engine for achieving the double digit growth rate in Gross State Domestic Product (GSDP), Andhra Pradesh Chief Minister N Chandrababu Naidu has emphasized the need to release all pending 6,925 industrial connections aggregating to the load of 600 MW for encouraging industrial promotion in the state.

Apart from this, the Chief Minster is very keen to take immediate steps for release of 66,000 Agricultural connections and electrification of all remaining un-electrified households to the extent of 516,735 by the end of March 2016.