June 25, 2020 Read More →

Andhra Pradesh state government approves 2,750MW solar+wind+pumped hydro project

Mercom India:

The Government of Andhra Pradesh has approved the establishment of an integrated renewable energy project (IREP) at Pinnapuram village in Kurnool district by Greenko Energies Private Limited.

As part of the project, Greenko will set up 1,000 MW of solar project, 550 MW of wind project, and 1,200 MW of standalone pumped storage capacity.

According to the order, the project should be completed in four years, failing which the entire land would be taken back by the government.

The power generated from the wind-solar hybrid and standalone pumped storage will be connected to the power grid substation, and it will be supplied outside the state. The distribution companies (DISCOMs) will have no obligation to purchase the generated power.

For the reverse pumping hydro project, a ‘Green Energy Development Charge’ would be levied at the rate of ₹100,000 (~$1,327)/MW of the installed capacity per year for the first 25 years. After that, a charge of ₹200,000 (~$2,654)/MW of the installed capacity per year would be levied. For the solar and wind projects, this charge would amount to ₹100,000 (~$1,327)/MW of the installed capacity per year for 28 years.

[Rakesh Ranjan]

More: Andhra Pradesh approves Greenko’s 1 GW solar, 550 MW wind, and 1.2 GW pumped storage project

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