Andhra Pradesh inks MoU for generation of wind, hybrid power.

Andhra Pradesh recently inked a Memorandum of Understanding for generation of 4,000 MW of wind power and 200 MW of hybrid power.

The state government also unveiled wind and solar policies and signed the MoU at the Renewable Energy Global Investors Meet and Expo, Re-invest here, according to an Andhra Pradesh Information Centre press released.

Addressing the gathering on the occasion, Andhra Pradesh Chief Minister N Chandrababu Naidu said his state was aiming at Rs. 8.5 billion investment in transmission and distribution and a huge investment in solar power.

He assured the investors of safe journey for solar power producers as the government realised the crucial nature of the power sector for the growth of the state and added that the state has to become power surplus in the next four to five years.

Assuring investors in green energy speedy clearances, several exemptions and non-stop-plan-to-execution scheme for projects in the field, he said that vast land bank, a committed bureaucracy and political will in Andhra Pradesh only meant single window clearances for the investors.

'Investors could straight away enter into tripartite agreements with the Discoms with the state government announcing the power prices on its part,' he said.

'Business models were needed for the state to establish 13.5 lakh solar pump sets. Besides, LED bulbs would have to replace the existing non-LED options,' the Chief Minister said.

ET