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Minister for IT and HRD Nara Lokesh says that Andhra Pradesh is emerging arsenic a destination for speed-driven concern execution and investor-friendly governance.
Mr. Lokesh was speaking astatine the commissioning of the 600-MW AC star powerfulness task of SAEL Industries successful Kadapa territory connected Friday.
It is 1 of the archetypal large-scale renewable vigor projects to beryllium completed nether the State’s Integrated Clean Energy Policy-2024 successful a grounds 11 months.
Built with an approximate concern of ₹3,000 crore, the task comprises 2 300-MW AC star facilities developed by SAEL subsidiaries — SAEL Solar MHP1 Private Limited and SAEL Solar MHP2 Private Limited — successful astir 2,400 acres.
The task volition proviso renewable powerfulness straight to the nationalist grid nether 25-year Power Purchase Agreements (PPAs) with the Solar Energy Corporation of India (SECI), frankincense supporting India’s semipermanent cleanable vigor transition, too strengthening the country’s renewable powerfulness capacity.
“It is simply a substance of pridefulness for Andhra Pradesh that the archetypal task nether the ICEP-2024 is present commissioned. SAEL’s 600 MW star task successful Rayalaseema reflects the speed, confidence, and execution capableness of our State. Our authorities is committed to positioning Andhra Pradesh arsenic India’s cleanable vigor capital, with a people of attracting ₹10 lakh crore successful greenish vigor investments implicit the coming years,” Mr. Lokesh said.
He further said that Andhra Pradesh was rapidly emerging arsenic a nationalist hub for renewable energy, greenish manufacturing, retention technologies, and future-ready concern ecosystems.
Energy Minister Gottipati Ravi Kumar recalled the State’s efforts to make a reliable and affordable vigor infrastructure, susceptible of supporting its expanding concern basal and aboriginal vigor requirements.
SAEL Industries co-founder and Director Sukhbir Awla called Andhra Pradesh arsenic having go a “key maturation engine” successful India’s renewable vigor modulation that continued to animate semipermanent capitalist assurance successful cleanable vigor infrastructure.
Company CEO & Executive Director Laxit Awla said the palmy commissioning wrong an accelerated timeline reflected the company’s execution strength, which helium attributed to the State’s proactive support.
Minister for Handloom & Textiles S. Savitha, legislators C. Adinarayana Reddy (Jammalamadugu) and Putha Krishna Chaitanya Reddy (Kamalapuram), territory Collector Sridhar Cherukuri, and TDP territory president C. Bhupesh Reddy were present.
