The Andhra Pradesh government has approved Rs 16,478 crore pumped storage power project proposed by Adani Green Energy, according to an order issued by the Energy Department on Tuesday. The clearance was granted by the State Investment Promotion Board (SIPB), headed by Chief Minister N Chandrababu Naidu, based on recommendations made by the State Investment Promotion Committee.
The project will be developed at the Lord Balaji Donthi Kona PSP Park in Kadapa district and is set to become one of the largest pumped storage facilities in the country. Pumped storage plants are crucial for supporting renewable energy integration, as they store surplus solar and wind power during periods of low demand and release electricity during peak usage hours.
Also read: K'taka CM buzz: Kharge meets Siddaramaiah, Shivakumar
As part of the approval, the government has sanctioned 29.2 MCM of water from the existing Gandikota reservoir for the project’s one-time initial filling, along with 2.2 MCM annually to offset evaporation losses, in line with existing norms.
The project will qualify for incentives under the Andhra Pradesh Integrated Clean Energy Policy 2024, which seeks to attract investments of nearly Rs 10 lakh crore and create around 7.5 lakh jobs in the clean energy sector.
According to the government order, Andhra Pradesh Transmission Corporation Limited (APTRANSCO) will assist in evacuating power generated by the project to the nearest central transmission utility substations, while the company itself will build the required evacuation infrastructure.
The project is expected to be completed within 72 months, and the electricity produced can be supplied both within Andhra Pradesh and to other states, the order added.
Follow us
