AP enters into MoU with Suzlon and Axis Energy

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Vijayawada: Andhra Pradesh has made another step forward in renewable energy sector with singing Memorandum of Understanding with two major companies in the sector, Suzlon and Axis. The MoUs between the companies and the state government enables setting up wind, solar and solar hybrid power generation units with a capacity of 4,000 Megawatts in next five years.

The MoUs also facilitate setting up to produce wind turbine generators of 1000 Megawatt capacity in an year. The production units will be established in Nellore and Anantapur districts. The companies have assured an investment of Rs 500 crore in wing and solar power manufacturing segment, and an another, Rs 28,000 crore investments in wind power wind-solar hybrid power projects in the state. The proposed projects are expected to crate direct employment to 8,000 people and create employment to another 25,000 people indirectly.

Responding positively to the request made by Chief Minister N Chandrababu Naidu, the Suzlon has expressed its willingness to set up a skill development centre at Anantapur, and extends its cooperation to the proposed Energy University in Amaravati. Also, the company officials have also assured to establish a chair in the Renewable Energy Studies in the proposed university. State Energy Secretary Ajai Jain, Suzlon Energy Chairman Tulsi Tani, Axis Energy Managing Director, K Ravikumar Reddy have signed the MoUs in the presence of the Chief Minister, State Principal Secretary for Finance Dr P V Ramesh and State Planning Board Vice-Chairman C H Kutumba Rao.

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