GUNTUR: Andhra Pradesh has become the torch-bearer of green energy as it is hosting the largest integrated pumped storage renewable energy project in the world, chief minister YS Jagan Mohan Reddy said in Davos on Tuesday.
Addressing a conference on decarbonised power at the World Economic Forum, he said the facility will be a pioneering initiative in producing hydel, solar, and wind power from a single plant. “We have set the trend in green energy sector by taking up this project. It is going to have a positive impact on the environment. It is not a small thing to produce 1650MW power from a pumped storage model,” Jagan said.
Stating that AP has the potential to produce nearly 33,000MW from pumped storage-based plants, he invited investors from across the globe to set up their plants in the state. “We are welcoming all those who love the environment to set up their plants in AP. We are pioneers in encouraging such big ideas with open arms,” he said.
Niti Aayog CEO Amitabh Kant said AP is going to become a role model not only for the country, but the entire world. “The world will surely follow in AP’s footsteps in tapping green energy from pumped storage model. India is an ideal place to set up decarbonised power plants due to its climatic conditions, and AP has taken the lead in setting up this power plant,” said Kant.
Arcelor Mittal group CEO Aditya Mittal said they have decided to invest in AP after scouting 27 nations for a suitable location. “We will shortly launch a renewable energy plant in AP. The steel industry is producing 8 per cent carbon but we would utilise hydrogen for steel production in AP to reduce carbon emissions,” he said.
Greenko CEO Anil Chalamalasetti said they were going to export ammonia to the world after making its fullest usage in the domestic market from their Kurnool plant. Dassault Systems vice-president Florence said they would be investing in AP to bring the latest technologies to the state.