&w=3840&q=100)
Naidu eyes AP as green energy hub with ₹14 trn investment pipeline
Out of the ₹14 trillion investments, projects around ₹9.2 trillion have been cleared. They have either got land allotted by the government, which completes one year on Thursday, or received government incentives.
The major investors include NTPC Green Energy (₹1.85 trillion), ArcelorMittal Nippon India (₹1.35 trillion), Indosol Solar (₹1.29 trillion), NHPC (₹1 trillion), Bharat Petroleum Corporation (₹96,862 crore), and Reliance Industries (₹65,000 crore), among others.
Driven by an attractive Integrated Clean Energy Policy launched in October 2024, which fast-tracked clearances and lined up fresh sops, the state also grabbed a considerable share of the country's renewable energy investments in the last one year.
In renewables too, major committed investments are coming from Tata Power (₹49,000 crore), multiple projects by NTPC Green (₹2.08 trillion), Vedanta's Serentica (₹50,000 crore), SAEL Industries (₹6,000 crore), and Brookfield (₹50,000 crore), among others.
Green energy major ReNew Power is also set to come up with a ₹22,000-crore renewable project at Anantapur in Andhra Pradesh, which is going to be the largest renewable energy (RE) complex in India. The complex will manufacture around 2.5 gigawatts (Gw) of RE power and a battery energy storage system (BESS) of 1 gigawatt hour (Gwh), in two phases.
According to a Central Electricity Authority (CEA) roadmap, of the target of 500 Gw generation capacity from non-fossil fuel resources by 2030, 86 Gw of RE potential is in South India. Out of this 86 Gw, around 51 Gw has been identified in Andhra Pradesh (Anantapur – 20 Gw, Kurnool – 23 Gw, and Kadapa – 8 Gw). The policy in October mainly targeted large-scale promotion of RE, pumped storage power (PSP), green hydrogen, and its derivatives through the optimum utilisation of available resources.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News18
6 hours ago
- News18
Andhra CM to embark on six-day visit to Singapore to woo investments
Amaravati, Jul 25 (PTI) Andhra Pradesh Chief Minister N Chandrababu Naidu will embark on a six-day visit to Singapore from July 26 aimed at attracting investments to the state. The chief minister is scheduled to leave for Singapore from Hyderabad, according to an official release on Friday. During the visit, the CM will engage with representatives of leading global companies, business owners, prominent industrialists, and notable personalities. 'Naidu will embark on a six-day visit to Singapore from July 26 to 31, aimed at attracting investments to Andhra Pradesh," the release said. This visit marks the CM's second foreign visit since the formation of the TDP-led NDA government, following his earlier visit to Davos, Switzerland in January. Expected to serve as a key platform to promote 'Brand AP (Andhra Pradesh)' and showcase the state's new industrial and ease-of-doing-business policies, Naidu will highlight Andhra Pradesh's robust infrastructure. He will showcase the southern state's ports, airports, highways, harbours, and water and land resources, including the 1,053-km long coastline and skilled human capital, and urge global investors to explore opportunities in the state. During his visit, Naidu will hold meetings with CEOs and senior representatives of various companies and on the first day he will participate in a Telugu diaspora meeting. Further, he will meet with senior dignitaries in Singapore to invite industrialists from the region to the 'Visakhapatnam Investment Summit' scheduled for November this year, the release said. Naidu will also participate in business roundtable meetings centred on the digital economy and fintech, and attend a dedicated business roadshow in Singapore. As part of the tour, he will also visit key infrastructure and logistics centres across the city, the release added. PTI STH KH view comments First Published: July 25, 2025, 21:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
New Indian Express
16 hours ago
- New Indian Express
AP unveils Electronics Policy 4.0 to attract USD 150 billion investment, boost manufacturing
VIJAYAWADA: The State Cabinet meeting held under the chairmanship of Chief Minister N Chandrababu Naidu at the State Secretariat on Thursday, approved the Andhra Pradesh Electronics Components Manufacturing Policy 4.0 (2025-30). Disclosing the details to mediapersons, Minister for Information and Public Relations Kolusu Parthasarathy said the policy will accelerate business pace and stimulate large-scale domestic and global investments in the electronics components ecosystem. Electronics component manufacturing companies investing in Andhra Pradesh can receive advance and matching incentives, interim support measures, and plug-and-play manufacturing facilities in special clusters. Electronics companies can also receive incentives and concessions suitable for mega projects as part of the policy. Significant employment generation opportunities will arise in places like Sri City, Orvakal, Kopparthi and Hindupur. The new policy intends to attract $150 billion investments into the State, he explained. In this Cabinet meeting, proposals related to investments of approximately Rs 80,000 crore, which will create employment opportunities for 1.50 lakh people were cleared. Based on the State Investment Promotion Board (SIPB) recommendations, the Cabinet allocated 3.6 acres of land at IT Hill No. 3, Madhurawada, Visakhapatnam district at Rs 1 crore per acre, and 50 acres at Paradesipalem at Rs 50 lakh per acre to Sify Infinite Spaces Limited through APIIC, thereby facilitating Rs 16,466 crore investment, and 600 jobs. This strategic development will establish Visakhapatnam as a key data hub, attract technology-based organisations, and improve the State's capabilities in cloud computing, data storage, and digital services, the I&PR Minister said. The Council of Ministers gave green signal to the recommendations made by the Technical Committee in its final report for completing construction works of 20 existing packages under Andhra Pradesh Urban Water Supply and Septage Management Improvement Project (APUWS&SMIP) with Asian Infrastructure Investment Bank (AIIB) funding, and to invite tenders for remaining works.
Hans India
20 hours ago
- Hans India
AP Cabinet nod for Rs. 80K-cr investments
Vijayawada: The Andhra Pradesh state Cabinet, chaired by Chief Minister N Chandrababu Naidu, on Thursday approved investment proposals totaling an impressive Rs 80,000 crore. Other key decisions also included the green light for the first phase of Metro Rail projects in Vijayawada and Visakhapatnam, along with a new policy to boost electronics manufacturing. Addressing the media at the Secretariat after the Cabinet meet, Minister for Information and Public Relations K Parthasarathy detailed the Cabinet's resolutions. Among the significant approvals were proposals from the State Investment Promotion Board (SIPB), including an investment of Rs 16,466 crore by SIFY Infinite Spaces Limited to establish a data centre in Visakhapatnam. For this project, 3.6 acres of land will be allotted in Madhurawada, Visakhapatnam. The Cabinet also approved other investment proposals from IT companies. A major strategic move by the government is the approval of the AP Electronics Components Manufacturing Policy 4.0. This policy aims at attracting global investments in the electronics components manufacturing sector, leveraging central government incentives that have previously benefited states like Uttar Pradesh, Gujarat, and Tamil Nadu. Parthasarathy announced the Cabinet's approval to invite tenders for the first phase of the Visakhapatnam Metro Rail project, estimated at a cost of Rs 11,498 crore. Similarly, the Vijayawada Metro Rail Project Phase-I, with an estimated cost of Rs 10,118 crore, also received Cabinet approval. Other crucial decisions included amendments to the AP Regulation of Unauthorised Layouts and Plot Rules., approval for the procurement of tobacco with a limit of 20 quintals per farmer and the acceptance of the report submitted by Justice M Satyanarayana Murthy on the Tirumala stampede. The Chief Minister has directed officials to initiate action against those found to have failed in their duties during the incident. Following the Cabinet meeting, Naidu addressed his ministers, advising them to prioritise the allotment of house sites to the poor. He also stressed that Andhra Pradesh should take a leading role in Green Hydrogen initiatives. Referring to his upcoming Singapore tour, the Chief Minister recalled that Singapore had previously come forward to develop Amaravati, but the previous YSRCP government had 'driven away' the Singapore company by branding them as corrupt. He underscored the critical need for rebuilding 'Brand AP' and re-convincing Singaporean companies to invest in the state.
