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Andhra Pradesh to Attract Investments worth INR 81k crore for Green Energy

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The total investments, worth INR 1.26 lakh crore, are expected to be infused into the state. A lion’s share of the investment would be reserved for green energy projects. September 7, 2022 The Andhra Pradesh State Investment Promotion Board (SIPB), led by Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy......
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PGCIL’s Rajasthan Subsidiary Secures Transmission License for 8.1 GW of Solar Projects

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Power Grid Corporation of India has won the project of INR 1.4 billion per annum to establish a transmission system for the evacuation of solar power in Rajasthan. July 17, 2021 The Central Electricity Regulatory Commission (CERC) has granted a transmission license to Bikaner-II Bhiwadi Transco, a special purpose vehicle......
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Jindal to Invest INR 7500 Crore to Set Up 2.25 Million Tonnes Capacity Steel Plant in Nellore

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Jindal Steel Andhra Limited has proposed to set up the plant for manufacturing of TMT bars and wire rods. July 16, 2021 Jindal Steel Andhra Limited, part of OP Jindal Group, has been allotted 860 acres of land in Thamminapatnam of SPSR Nellore district of Andhra Pradesh to set up......
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Essar Steel to Set Up 3 Million TPA Steel Plant in Andhra Pradesh

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The State Cabinet considered the proposal and accepted SBICAP’s recommendation to select Essar as the JV partner. The project capex of the project is Rs 11,606 crore. June 18, 2021 The Andhra Pradesh government has selected Essar Steel Limited as the joint venture partner for setting up a 3 million......

Demonetization Delays Power Transmission Projects

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With initial gains for power entities, cash shortage gradually resulted in inability to pay machinery rents to non-payment of wages in cash to daily laborers and tractor owners which further delayed the projects. February 7, 2017 As on December 31, progress at projects that involved construction of nearly 2,000 circuit......
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Andhra Pradesh to Receive Rs 4,000 Cr Assistance from World Bank for Power Infrastructure

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The Centre is also extending support for infrastructure development in power sector for both rural and urban areas November 23, 2015 The World Bank has given an in-principle approval for providing nearly Rs 4,000-crore financial assistance to Andhra Pradesh for power sector. “The Centre is also extending support for infrastructure......

Andhra Govt.’s Rs.22,600 Cr. Investment for Fortifying Energy Infrastructure

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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......

Andhra Pradesh discom to lay more cables to check voltage fluctuations

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April 20, 2013 To eliminate voltage fluctuations and transformers going bust due to overloading, the Central Power Distribution Company Limited (CPDCL) has decided to lay additional lines at various places in Greater Hyderabad. According to officials, operation circles of Greater Hyderabad have identified 16 areas, which have witnessed regular instances......

Gayatri Projects’ arm executes PPA for 1,320 MW power plant

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April 18, 2013 Gayatri Projects Ltd said its subsidiary has executed power purchase agreement (PPA) with Andhra Pradesh government for its 1,320 MW power plant in the state. “The company’s subsidiary TPCIL has executed a Power Purchase Agreement with Andhra Pradesh Power Distribution Companies, wholly-owned by the government of Andhra......

Government finalises norms for distribution companies’ debt recast

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April 5, 2013 The Centre said that the bonds to be issued by states, backed by it under the debt recast plan for power distribution utilities, will attract about 0.5 per cent premium over the issue price yet to be determined. The government has also extended the deadline to July......
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