India : Andhra Pradesh eyes ₹1-lakh cr investments in power sector over next 5 years

HYDERABAD, APRIL 6:  

The Andhra Pradesh Government is on course to investments of over Rs. 1 lakh crore in capacity addition in the power sector over the next five years.

In the Government’s efforts to ensure supply of electricity at affordable prices and provide quality power, the new investments in the public and private sector are expected to play a major role and make a difference to consumers as also attracting new investments into the State.

The proposed investments include Rs. 28,000 crore for 4000 MW Pudimadaka project of NTPC near Vizag, Rs. 20,000 crore for Thermaltech and Sembcorp in Nellore, Rs. 11,000 crore of AP Genco Krishnapatnam (800MW) and VTPS (800 MW), Rs. 30,000 crore for renewable energy sector of Solar (2500 MW) and Wind (2500 MW) power and Rs. 25,000 crore for transmission and distribution projects.

In an open letter to the people, the Chief Minister N Chandrababu Naidu has appealed to them to participate in the energy conservation mission initiated by the Government.

Coinciding with the International Energy Efficiency workshop in Vijayawada, the Government plans to launch a number of projects including supply of energy efficiency fans and pump sets.

Having become a power surplus State from a deficit one, the State would be able to sell 10,472 MU of power per annum to the other states. This is likely to yield income of Rs. 4,492 crore.

In its efforts to drive energy efficiency programmes, the State is planning to become a “Incandescent Free Bulb State” by March 2017. This will be by replacing existing bulbs with LED ones.

Towards implementation of energy efficiency initiatives, the Centre has plans to invest Rs. 1000 crore every year for the next 5 years. In the agriculture sector, around Rs. 5,000 crore investments are planned for implementing Demand Side Management (DSM) measures in a phased manner with the support of Energy Efficiency Services Limited.

(This article was published on April 6, 2016)

Source : http://www.thehindubusinessline.com/news/national/ap-eyes-1lakh-cr-investments-in-power-sector-over-next-5-years/article8442189.ece

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