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NREDCAP reaches pact with Tata Power
The New Indian Express Tadepalligudem
|March 08, 2025
THE New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) has signed a memorandum of understanding (MoU) with Tata Power Renewable Energy Limited (TPREL) to develop power projects to produce 7 gigawatts (GW) of renewable energy in the State.
The agreement aligns with Andhra Pradesh's long-term vision of achieving 78.5 GWp of solar energy, 35 GW of wind energy, 22 GW of pumped storage, and 1.5 million metric tons per annum (MMTPA) of green hydrogen capacity over the next five years.
The 7 GW renewable energy projects will require an estimated investment of ₹49,000 crore, create approximately 33,000 jobs, and significantly enhance the State's energy infrastructure. The projects are expected to reduce carbon dioxide emissions by 318 million metric tons, contributing to the State's climate goals.
Dit verhaal komt uit de March 08, 2025-editie van The New Indian Express Tadepalligudem.
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