- It will attract almost 12,000 jobs per MTPA production of green hydrogen in the State
- Private developers from AP have also directly submitted FR/DPRs for two PSP projects of 3480 MW capacity
Andhra Pradesh’s government has shared its plans and strategies for renewable energy projects. New and Renewable Energy Development Corporation of AP (NREDCAP) Vice-Chairman and Managing Director S Ramana Reddy has highlighted several initiatives for decarbonisation.
With an agenda to increase green hydrogen production to the capacity of 0.5 MTPA (Million Tonnes Per Annum) or green ammonia production to the capacity of 2.0 MTPA in the next five years, the Andhra Pradesh Government has planned the AP Renewable Energy Export Policy 2020, the AP Pumped Storage Power Promotion Policy 2022 and the AP Green Hydrogen and Green Ammonia Policy 2023.
Andhra Pradesh will attract investments and employment and improve the state’s economy through this initiative. It will offer almost 12,000 jobs per MTPA production of green hydrogen in the State.
Non-conventional Energy Development Corporation of Andhra Pradesh Limited (NEDCAP) as the nodal agency is identifying PSP sites preparing DPRs, and giving approved DPRs duly getting all the required clearances from different agencies so that the developer’s risk and time are minimised and the developer can take investment decisions. This approach helps in the development of PSP in the least possible time. So far, FRs/DPRs have been submitted for 21 projects with an aggregate PSP capacity of 21,250 MW. Private developers from AP have also directly submitted FR/DPRs for two PSP projects of 3480 MW capacity, shared Reddy.
