A.P. is destination for speed-driven industrial execution, says IT Minister Nara Lokesh
Andhra Pradesh is positioning itself as a hub for speed-driven industrial execution and investor-friendly governance, according to IT Minister Nara Lokesh. The recent commissioning of a 600-MW AC solar power project marks a significant milestone under the State’s Integrated Clean Energy Policy-2024. The project, developed by SAEL Industries, aims to enhance India's renewable energy capacity and attract substantial green energy investments.
- ▪The 600-MW AC solar power project was completed in a record 11 months.
- ▪It was built with an investment of approximately ₹3,000 crore across nearly 2,400 acres.
- ▪The project will supply renewable power to the national grid under 25-year Power Purchase Agreements with SECI.
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Minister for IT and HRD Nara Lokesh says that Andhra Pradesh is emerging as a destination for speed-driven industrial execution and investor-friendly governance.Mr. Lokesh was speaking at the commissioning of the 600-MW AC solar power project of SAEL Industries in Kadapa district on Friday.It is one of the first large-scale renewable energy projects to be completed under the State’s Integrated Clean Energy Policy-2024 in a record 11 months.Built with an approximate investment of ₹3,000 crore, the project comprises two 300-MW AC solar facilities developed by SAEL subsidiaries — SAEL Solar MHP1 Private Limited and SAEL Solar MHP2 Private Limited — in nearly 2,400 acres.The project will supply renewable power directly to the national grid under 25-year Power Purchase Agreements (PPAs) with…
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