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AP inks MoU with Suzlon Energy, Axis Energy Group

AP inks MoU with Suzlon Energy, Axis Energy Group


In  an  attempt  to  boost  the  energy  might  of  Andhra  Pradesh, the  state  government  has entered  into  a Memorandum  of Understandingwith  Suzlon  Energy  and  Axis  Energy  Groupfor  the  setting  up  of  4,000 MW  projects  in  the  state. Secretary  (Energy)  Ajay  Jain,  Suzlon  Company  Chairman  Tulsi Tanti,  Axis Energy  Group  MD  K.  Ravi  Kumar  Reddy  signed  on  the  MoU  in  the  presence  of Chief  Minister Sri  N. Chandrababu Naidu.

Under this MOU, Suzlon and Axis companies will set up  solar, wind and hybrid plants with an estimated production capacity of 4,000MW in Anantapur and Nellore districts, in the next five years. They will also facilitate  for  the  setting  up  of  1,000  MW  wind  turbine  generators.  In  this  regard,  a  skill  development center will be set up in Anantapur. It has been estimated that these projects will provide 8,000 direct and 25,000 indirect employment opportunities for the people.

That apart, SuzlonEnergy will also provide guidance for the setting up of Energy University that will soon come  up  in  Amaravati.  A  Board  on  Renewable  Energy  will  also  be  constituted.  Within  5  years  of  the projects’ begin functioning,  the  state  government  will  have  4,000  MWof  green  power.  Due  to  this,  over 64.47 lakh MT of Carbon emissions can be averted.

The Chief  Minister  expressed  happiness  over  signing  of  the  agreement  and  hoped  that  both  sides  begin working immediately on the said projects. He said: “The union government aims to achieve 1.75 lakh MW of  renewable  energy  by  2021; inthis, Andhra Pradesh aims to achieve 1.18 lakh MW.” By 2021-22  the state government aims to tap renewable  energy in order to  reduce carbon emissions by 252 lakh metric tonnes, he added. Secretary (Finance) Dr. P.V. Ramesh, Secretary to CM Sai Prasad and other officials were present.

Anand Gupta Editor - EQ Int'l Media Network


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