Andhra Pradesh Strategies Fresh Export Policy for Renewable Energy Projects

The state government is preparing to unveil an export policy intended at large-scale promotion of renewable energy projects. The policy will facilitate the state to export power without compulsion to discoms, indicated a statement by the energy department.

The projects will be premeditated 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 acknowledged 29 locations in various districts for the projects. A viability report by NREDCAP states that the projected 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.