SIPB clears Rs.22,302 crore worth proposals in AP

Vijayawada: Andhra Pradesh State Investment Promotion Board (SIPB) on Tuesday approved several proposals envisaging total investment of Rs. 22,302 crore for establishingenergy industries with a job potential for 5300 people.

The SIPB meeting, presided over by Chief Minister Y.S. Jagan Mohan Reddy at Amaravati, cleared the proposal of JSW Neo Energy Ltd to establish four solar power projects across the State to produce 3350 MW of power with an investment of Rs12,065 crore.

JSW will establish 400 MW, 1050 MW, 1050 and 850 MW solar power units at Chakrayapeta in YSR Kadapa district, at Mudigubba in Sri Satya Sai district, at Rapthadu (and Kanaganapally) and at D. Hirehal (and Bommnaal) in Anantapur district respectively. These units will provide direct employment to 3300 people.

It will also establish 171.60 MW wind power projects at Kunukuntla in Owk mandal of Nandyal district and at Jaladurgam in Peapully Mandal of Kurnool district with Rs.1287 crore investment and employment potential for 200 persons.

Aqua Green Engineering Management Pvt Ltd will establish 1000 MW solar power unit at Puligundlapally in Talupula mandal of Sri Satya Sai district with an investment of Rs.4000 crore and employment potential for 1000 persons.

Ecoren Energy India Pvt Ltd will establish 200 MW wind power unit at Aspari in Kurnool district with Rs.1350 crore investment providing 200 jobs.

Renew Vikram Shakti Pvt Limited will establish 600 MW wind power projects in Sri Satya Sai and Anantapur districts with Rs.3600 crore investment having employment potential for 600 persons.

Deputy Chief Minister (PR& RD) B. Muthyala Naidu, Finance Minister Buggana Rajendranath, Minister for Energy, Forests and Environment P. Ramachandra Reddy, IT and Industries Minister G. Amarnath, CS K.S. Jawahar Reddy, Special Chief Secretaries K. Vijayanand (Energy), Ajay Jain ( Housing), Dr Rajat Bhargava ( Tourism), SS Rawat (Finance), K. Praveen Kumar (GAD) and Industries Secretary N. Yuva Raj were present.