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Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, has signed a Memorandum of Understanding (MoU) with the Government of Andhra Pradesh to develop renewable energy projects in the state. The agreement was signed in Amaravati and aims to advance Andhra Pradesh’s renewable energy goals. The collaboration will focus on developing up to 7,000 MW (7 GW) of renewable energy projects, including solar, wind, and hybrid systems with or without storage solutions. The estimated investment for these projects is around ?49,000 crore, making it one of the largest renewable energy investments in the state. The partnership is aligned with Andhra Pradesh’s Integrated Clean Energy (ICE) Policy, which targets the development of over 160 GW of renewable energy with an investment potential of ?10 lakh crore. The agreement is expected to contribute significantly to the state’s transition towards sustainable energy while boosting the local economy and creating employment opportunities. Skill development and job creation will be key benefits of this initiative, helping improve livelihoods in the region. The collaboration also strengthens the long-standing relationship between the Tata Group and the state of Andhra Pradesh. TPREL, with its expertise in renewable energy, aims to drive large-scale clean energy adoption through this initiative. The company plans to conduct preliminary assessments, feasibility studies, and development activities to evaluate the viability of these projects. The New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) will provide support in facilitating site identification and evacuation infrastructure. The CEO and Managing Director of TPREL, Deepesh Nanda, expressed confidence in the partnership, emphasizing that it would help accelerate the state’s transition to a low-carbon economy. He highlighted that the initiative would not only strengthen Andhra Pradesh’s position as a renewable energy hub but also contribute to India’s sustainability goals. Andhra Pradesh’s Minister for Information Technology, Electronics & Communications, and Human Resources Development, Nara Lokesh, welcomed Tata Power Renewable Energy Limited’s involvement in the state’s renewable energy expansion. He pointed out that the clean energy policy is expected to generate ?10 lakh crore in investments and create 7.5 lakh jobs in the state. The initiative is seen as a step towards attracting large-scale investments and fostering innovation in the renewable sector. The development of these projects is expected to play a crucial role in increasing Andhra Pradesh’s clean energy capacity while reducing reliance on conventional power sources. The collaboration with Tata Power Renewable Energy Limited ensures that the state can leverage advanced technology and expertise to implement efficient and large-scale renewable energy solutions. With increasing focus on renewable energy adoption, Andhra Pradesh aims to establish itself as a leader in clean energy production. The partnership with TPREL is expected to accelerate the state’s efforts in achieving energy security and sustainability. By fostering private sector participation in renewable energy development, the state government hopes to build a resilient and environmentally friendly energy ecosystem. As the demand for clean energy continues to grow, initiatives like these will help India move closer to its renewable energy targets. The investment in renewable infrastructure in Andhra Pradesh is expected to have long-term economic and environmental benefits. With Tata Power Renewable Energy Limited leading the initiative, the state is set to make significant progress in clean energy expansion, reinforcing its commitment to a greener future. |
