Andhra Pradesh state gets a major encouragement in the power sector as Germany has approved the state government’s proposal to offer Rs 476 crore interest-free loan for development of a green energy corridor in the state. Power transmission department of Andhra Pradesh, AP TRANSCO has been distinguished as the developer of this esteemed first of its kind project in the nation. Power generated by solar and wind power projects would be evacuated by the green corridors which are under constructing in Rayalaseema districts.
AP Rayalaseema Region Gets Nation’s First Green Corridors
State government officials are claiming that initially funds granted by Germany would be used for green power corridor in Anantapur, Kurnool, Kadapa and Chittoor districts as most of the solar and wind power projects are going to be established in these regions. What brings in prominence for this green corridor power project is that it is going to be the first green corridor in the country with dedicated transmission and distribution network.
The speculated green corridor would be connected to 1000 MW NTPC solar power project in Anantapur and with various other independent power projects capable of generating 689 MW solar power in Kadapa, Kurnool and Chittoor districts. Initially by March 2016 NTPC will complete 250 MW power plant while AP Genco’s 500 MW solar projects will be connected to the green corridor later next year.
AP Transco, CMD, K Vijayanand said, “Based on the highest plant load factor achieved by the state, AP has been selected to implement the green corridor project. Solar and wind projects with a capacity of 6000 MW, which are in different stages of construction, will be linked to the main transmission line through the proposed corridor.” Andhra Pradesh has received the second major project in the form of the green corridor which was selected to implement the 24×7 power supply project.
Government of Germany has agreed for the second big investment of it in Andhra Pradesh green corridor after participating in the funding of Krishnapatnam thermal power project. Sources add in that financial assistance comes without any interest except covering the foreign exchange fluctuations.
After signing the agreement with the German government in the presence of Prime Minister Narendra Modi and German Chancellor Angela Merkel in New Delhi, AP TRANSCO, Director of Finance, P Satyamurthy said, “This will work out at about one per cent and the state was given three years to complete the project.” AP Transco officials said that the green energy corridor will also be used as a major transmission line to transmit the power generated in wind power projects in Anantapur district of Andhra Pradesh, Tamil Nadu, and Karnataka states