NITI Aayog has come forward to sign a Memorandum of Understanding (MoU) with the Government of Andhra Pradesh to fully support the State in achieving the net zero target by 2047 and achieving a cost-effective energy transition.
At a meeting between the NITI Aayog delegation and State Chief Secretary K Vijayanand that took place in Vijayawada on Friday. They discussed the steps to be taken to formulate a strategic roadmap for cost-effective energy transition in the State, an official release said.
Speaking on this occasion, the Chief Secretary explained to the NITI Aayog delegation the steps being taken by the State to achieve net zero targets by 2047. In particular, he said that under the 2024 Integrated Clean Energy Policy, it has been targeted to establish renewable energy capacity of more than 160 gigawatts (GW).
“The State government is taking major steps for the development of renewable energy sources, as part of which is solar, wind power generation and green hydrogen power generation,” he said adding that efforts are being made to attract large investments in various sectors and set up several projects.
Giving an update on the projects, he said, “recently, the Prime Minister Narendra Modi laid the foundation stone for the Integrated Green Hydrogen Production Project by NTPC and NREDCAP JV near Visakhapatnam.” He informed the NITI Aayog team that the green hydrogen production and electrolyzer manufacturing by Greenco Group in Kakinada, pumped storage projects (PSPs) with a capacity of over 6,000 MW are under development by AP Genco itself and through JV with central public sector undertaking NHPC.