“A decision on the proposal by AP Genco to set up solar PV units was taken by the board recently. In addition to the 50 MW planned earlier, we have decided to set up another 100 MW,” K. Vijayanand, Managing Director of AP Genco, said. “We have land for 50 MW unit and are in the process of identifying land for another 100 MW solar PV cluster. AP Genco expects to implement the project within 18 months.”
With the recent decision to offer Rs 6.49 a unit, the Corporation felt this was attractive and decided to set up these projects, he said.
Meanwhile, the corporation is in the process of finalising its accounts to take part in the financial restructuring process announced by the Centre.
The scheme envisages finalising accounts till March 31, 2012, and to be implemented by July 2013.
The State Government also finalised the net metering policy two months ago.
The state had allowed any firm to set up solar PV plants in the state and assured them of Rs. 6.49 per kWh. Read more here.
Andhra Pradesh is currently the fourth largest power generating state in the country.
Reference and further reading-
Read more on Solar Technologies
Natural coral reefs and underwater habitats have been damaged by pollution, overfishing, and climate change. To help restore marine life, people create artificial reefs using…
As the world continues to transition toward cleaner energy sources, the need for systems that can track, certify, and validate the renewable origin of electricity…
The carbon that marine ecosystems absorb and store is known as "blue carbon." The well-known idea of "green carbon," which describes the carbon retained by…
Introduction Soil testing is a crucial practice in modern agriculture. It assesses soil health, nutrient levels, and pH balance, enabling farmers to make informed decisions…
Ever wished your mobile phone could do more than just send memes and crush candies? Well, buckle up, because we're about to take your mobile…
As of 2023, 106 million people worldwide had bitcoins but the currency's influence on the environment is disproportionate. The primary method of cryptomining, known as…
![](data:image/svg+xml;charset=utf-8,<svg height="168px" width="252px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
