SIPB clears Rs. 22,302 cr worth proposals for energy companies with 5,300 jobs

AMARAVATHI: Andhra Pradesh State Investment Promotion Board (SIPB) has cleared a chain of investment proposals worth Rs. 22,302 crore for establishing energy industries that would provide 5,300 jobs.

The SIPB meeting, presided over by Chief Minister YS Jagan Mohan Reddy here on Tuesday, cleared the proposal of JSW Neo Energy Ltd to establish four solar power projects across the State to produce 3,350 MW of power with an investment of Rs.12,065 crore.

JSW will establish 400 MW, 1050 MW, 1050 and 850 MW solar power units at Chakrayapeta in YSR District, at Mudigubba in Sri Satya Sai District, at Rapthadu (and Kanaganapally) and at D. Hirehal (and Bommnaal) in Anantapuram District respectively. These units will provide direct employment to 3,300 people.

It will also establish 171.60 MW wind power projects at Kunukuntla in Owk mandal of Nandyala district and at Jaladurgam in Peapully Mandal of Kurnool district with Rs.1,287 crore investment and employment potential for 200 persons.

Aqua Green Engineering Management Pvt Ltd will establish 1000 MW solar power unit at Puligundlapally in Talupula mandal of Sri Satya Sai District with an investment of Rs.4,000 crore and employment potential for 1,000 persons.

Ecoren Energy India Pvt Ltd will establish 200 MW wind power unit at Aspari in Kurnool district with Rs. 1,350 crore investment providing 200 jobs.

Renew Vikram Shakti Pvt Limited will establish 600 MW wind power projects in Sri Satya Sai and Anantapuram districts with Rs.3,600 crore investment having employment potential for 600 persons.

Deputy Chief Minister (PR& RD) B. Muthyala Naidu, Finance Minister Buggana Rajendranath, Minister for Energy, Forests and Environment P. Ramachandra Reddy, IT and Industries Minister G. Amarnath, CS K.S. Jawahar Reddy, and others participated.