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Andhra Pradesh plans new export policy for renewable energy projects

Date: 21-04-2020
Subject: Andhra Pradesh plans new export policy for renewable energy projects
VIJAYAWADA: The state government is planning to launch an export policy aimed at large-scale promotion of renewable energy projects. The policy will enable the state to export power without obligation to discoms, stated a statement by the energy department on Sunday. 

The projects will be designed for a combination of pumped hydro storage, solar and wind energy. The government has proposed to construct 29 pumped hydro storage projects (PSP) with a capacity of 33,240 MW both on-river and off-river sites to convert renewable energy sources into round-the-clock power and attract investments. 

New and Renewable Energy Development Corporation (NREDCAP) has already identified 29 locations in various districts for the projects. A feasibility report by NREDCAP states that the estimated potential for PSP projects is 33,240 MW with investment of Rs 5 crore per MW. 

A draft policy document has been prepared in which it was proposed that some of the projects be taken up by the government and others by private developers. AP is the first state to announce an export policy to meet the country’s renewable energy target, officials said. 

Secretary for energy Srikant Nagulapalli said a pumped hydro storage plant is the most commonly used and commercially viable large-scale electricity storage technology, accounting for 95% of storage capacity globally. 

Source:- timesofindia.indiatimes.com

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