In a major boost to the green energy sector, the Andhra Pradesh government approved investments worth Rs. 81,000 Cr with an aim to generate direct employment creation for 20,130 people.
Chief Minister YS Jagan Mohan Reddy chaired a review meeting with the State Investment Promotion Board (SIPB), discussing through 10 new projects that are set to establish in the state.
- AP GOVERNMENT WELCOMES MULTIPLE NEW PROJECTS UNDER GREEN ENERGY SECTOR
- RS. 81,000 CR WORTH INVESTMENTS APPROVED
- LARGE SCALE ENTERPRISES TO BE WELCOMED FOR INDUSTRIES ESTABLISHMENT
- “GREEN ENERGY PROJECTS ARE GOING TO CHANGE THE FACE OF ECONOMY IN THE STATE”: CM YS JAGAN
- “MAJOR BOOST TO EMPLOYMENT GENERATION THROUGH THESE PROJECTS”: CM YS JAGAN
“Large scale enterprises are set to create a wave in the face of economy and stand as an example for the country through green energy sector”.
Speaking to the officials, the CM said,
There will be thousands of employment generation through these projects. Farmers, too are set to earn more income through these projects, up to 30,000 per acre, per year will be generated if given under lease on lands that do not generate much income.
Here are the details of the new projects that are set to be establish in the state:
1.M/s. Causis e-Mobility Private Limited – Kopparthy, YSR District
With 100% EV ecosystem, the project provides the complete green energy solution, with an investment of Rs.386.23 Cr (286.23 Cr for the EV plant and 100 Cr for the charging infrastructure).
The project rings in the latest technology in manufacturing electric buses with a target of manufacturing 1,000 electric buses under phase 1. The project is set to generate employment to 1,200 people.
2.Lyfius Pharma – Kakinada SEZ
The government is green energy taking steps to achieve self-sufficiency without relying on Chinese imports in API drug manufacturing. Aiming to set up by April 2024, the company is set to invest Rs. 1,900 Cr, and provide employment opportunities to close to 2,000 people. The company has already acquired 236.37 acres for the industry.
3.Indosol Solar Pvt Ltd – Ramayapatnam, Nellore district
In one of the mega investment projects, Indosol Solar to set up a manufacturing industry, 50 GW and 10 GW solar power projects across 5,147 acres of land at Ramayapatnam, Nellore district. The total investment will be Rs.43,143 crore spent in three tranches, providing 11,500 direct and 11,000 indirect jobs opportunities.
4.Avisa Food Private Limited Mega Foodpark – Mallavalli, Krishna District
With an investment of Rs. 150 Cr, the project aims to provide jobs to 2,500 people. The company promises to complete the project by March 2023. 11.64 acres of land has been allotted for this purpose.
5.Astha Green Energy Ventures Pvt Ltd – Vongimalla Village, Veeraballi taluka, YSR District
This project aims to set up 1,800 MW hydro storage power with an investment of Rs.8,240 crore and direct employment to 4,000 people.
The project is set up under 1,390 acres of land Vongimalla, YSR District and is set to be completed by December 2029
6.Shirdi Sai Electricals Limited – Somasila & Yerravaram
Two pumped hydro storage power projects have been approved at Somashila and Erravaram where Shirdi Sai Electricals Limited is going to set up power generation of 900 MW at Somashila and 1200 MW at Yerravaram.
The company is set to spend Rs.8,855 crores for a total of 2100 MW project with direct employment opportunities for 1600 people. They targeted to complete it by July 2029.
7.Aurobindo Realty, Infrastructure Ltd – Owk, Nandyal District & Singanamala, Anantapuramu
Another two pumped hydro storage projects will be set up at Owk and Singanamala. Aurobindo Realty, Infrastructure Ltd o set up 800 MW power generation projects at Owk and 800 MW at Singanamala.
The total investment to these projects will be Rs. 6,315 Cr. Direct employment opportunities for 1600 people. The project is set to be completed by December 2028.
8.Indosol Solar Pvt Ltd – Paidipalem, YSR District
The company is set to invest Rs.33,033 crores to produce a total 7,200 MW power projects. These projects are set to provide direct employment to 7,200 people and is targeted to be completed by December 2028.
9.AM Green Energy Private Limited – Nandyal, Kurnool
