India Procurement News Notice - 45118


Procurement News Notice

PNN 45118
Work Detail Andhra Pradesh Power Generation Corporation (AP-Genco) will soon form a joint venture (JV) with National Hydroelectric Power Corporation (NHPC) to implement pumped storage hydropower projects (PSPHs) in Andhra Pradesh, with a total generation capacity of 6,000 MW. Of these, a 1,350 MW (9x150 MW) PSHP at upper Sileru in GK Veedhi mandal of Alluri Sitharama Raju (ASR) district will be prioritised as the first project under the aegis of the JV. On completion of this, the combined installed hydropower capacity of the Sileru basin will reach over 2,425 MW. The companies will soon sign the drafted agreement and the partners would have an equal (50:50) stake. In addition, the Central Electricity Authority (CEA) has accorded mandatory techno-economic clearance for the project. Overall, AP-Genco aims to generate 33 GW with 29 PSP projects in the coming years. Moreover, the PSPHs with a total capacity of 11 GW are being handed over to private companies, and the remaining will be undertaken by AP-Genco and some by NTPC.
Country India , Southern Asia
Industry Energy & Power
Entry Date 25 Jul 2023
Source https://www.projectstoday.com/News/AP-Genco-to-form-JV-with-NHPC-for-hydropower-projects

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