Andhra govt plans 10,000 mw solar power project to meet energy needs

Andhra Pradesh cabinet on Wednesday approved a government plan to develop 10,000 mw of solar power capacity for meeting the state's energy needs. The project will require a massive investment of Rs 35,000 crore-Rs 45,000 crore, according to the state information and public relations minister Perni Venkataramaiah (Nani).

A new company called AP Green Energy Corporation will be incorporated as a wholly owned subsidiary of the state-owned power utility AP Genco for the purpose of developing the 10,000 mw solar power project. The project will be funded 100 percent by the state nodal agencies, the minister said without elaborating on