The officials informed the Chief Minister that JSW Steel Limited will invest Rs 8,800 crore in two phases for setting up the steel plant in Sunnapurallapalli village in Kadapa district Andhra Pradesh State Investment Promotion Board (SIPB), headed by Chief Minister Y S Jagan Mohan Reddy, on Monday gave its nod for investments worth a […]
Andhra Pradesh has no dues to power gencos, says government – EQ Mag Pro
Amaravati : The Andhra Pradesh government on Friday maintained that it owed no money to the power generators for electricity purchased through the power exchanges. Power System Operation Corporation Ltd (POSOCO), a Government of India enterprise, has asked three power exchanges — IEX, PXIL and HPX — to restrict electricity trading by 27 discoms in […]
Andhra Pradesh: Panel allows discoms to collect Rs 2,900 crore true-up charges – EQ Mag Pro
AMARAVATI: The AP Electricity Regulatory Commission (APERC) has given the green signal for the collection of true-up charges to the tune of ₹2,900 crore to discoms. The true-up charges (the difference of cost of purchase and supply) pertain to 2014-19. The people living in rental houses are being burdened with the collection of old true […]
Andhra Pradesh saves ₹5,709 crore worth of electricity under the PAT scheme – EQ Mag Pro
Visakhapatnam: AP has saved about 0.818 million tonnes of oil equivalent (mtoe) of electricity worth Rs 5,709 crore in the all the three cycles of PAT (perform, achieve and trade) scheme. The state energy department on Wednesday released the results based on the data provided by the Union power ministry-led Bureau of Energy Efficiency. As […]
Discoms launch a special drive to collect dues from industries in Andhra Pradesh – EQ Mag Pro
AMARAVATI: Struggling with financial crisis, the power distribution companies have launched a special drive to pool up long-pending dues from the industries in the state. Three discoms have identified about 1,100 industries that have not cleared over 500 crore dues for the past six months. The discoms have issued notices to the firms threatening to […]
Andhra Pradesh: Discoms expect power crisis in July-August, plan green projects – EQ Mag Pro
VISAKHAPATNAM: The Andhra Pradesh energy department is anticipating another spell of electricity shortage in July-August as uncertainty continues over coal stocks at thermal stations. The onset of the southwest monsoon in the coming days may hamper mining and transportation of coal. The thermal plants were unable to address a minor spike in power demand this […]
IREDA sanctioned a loan of ₹14,188 crores in Andhra Pradesh and ₹8,809 crores in Telangana for Renewable Energy projects – EQ Mag Pro
Ms. Khyati Naravane, CEO, FTCCI, Shri Anil Agarwal, Senior Vice President, FTCCI, Shri Sushil Sancheti, Chair- Energy Committee, FTCCI also addressed the industry leaders of the state. New Delhi: Indian Renewable Energy Development Agency Limited (IREDA) in association with the Federation of Telangana Chambers of Commerce and Industry (FTCCI), conducted a workshop on “Greening India […]
Jagan Mohan Reddy: Andhra Pradesh set the trend in green energy – EQ Mag Pro
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 […]
Adani group to invest ₹60,000 crore in green energy plants in Andhra Pradesh – EQ Mag Pro
AMARAVATI: The Adani group has agreed to invest 60,000 crore in green energy plants in the state. The state government clinched the deal during chief minister YS Jagan Mohan Reddy’s meeting with Adani group chairman Gautam Adani in Davos. Gautam Adani, who held initial discussions with the chief minister on Sunday, met the chief minister […]
Andhra Pradesh to procure 7,000 MW solar power from SECI – EQ Mag Pro
VISAKHAPATNAM: As part of its long-term planning, keeping the coal crisis and future energy needs in mind, the state government has decided to procure 7,000 MW solar power from the Solar Energy Corporation of India (SECI) at 2.49 per unit against the prevailing market exchange price of 12-16. The SECI will start supplying 3,000 MW […]