Latest News | NHPC Forms JV with Power Producer APGENCO for Renewable Energy Projects

New Delhi, Jan 23 (PTI) State-owned NHPC on Thursday said it has formed a joint venture with Andhra Pradesh Power Generation Corporation Limited (APGENCO) to develop renewable energy projects.

The new entity APGENCO NHPC Green Energy Limited has been incorporated on Janauary 23, NHPC said in an exchange filing.

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NHPC and APGENCO have 50:50 equity participation in the JV formed to plan, promote and organise an integrated and efficient development of pumped storage hydro power projects and renewable energy (solar/floating solar/wind) projects.

Initially five projects, namely Yaganti PSP (1000MW), Rajupalem PSP (800 MW), Gadikota PSP (1200 MW), Aravetipalli PSP (1320 MW), and Deenepalli PSP (750 MW), are considered for joint implementation and other projects subsequently identified shall be taken up as mutually agreed in future, the filing said.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)