NTPC to set up 4,000 MW coal-fired power plant in Andhra Pradesh1 min read . Updated: 16 Sep 2014, 11:37 PM IST
Power plant to be set up at Pudimadaka near Visakhapatnam at an estimated investment of around `20,000 crore
Hyderabad: Andhra Pradesh government on Tuesday inked a pact with NTPC Ltd for setting up a 4,000 megawatt (MW) coal-fired power plant at Pudimadaka near Visakhapatnam at an estimated investment of around ₹ 20,000 crore.
The plant will be in addition to NTPC’s existing 2,000 MW coal-based power plant in Simhadri in Visakhapatnam district. The project based on imported coal will require about 19.8 million tonnes of the fuel every year, NTPC said.
NTPC said it expects to commission the project by 2019-20, provided it gets all clearances on time.
The Andhra Pradesh Industrial Infrastructure Corp. handed over 1,200 acres of land sought by NTPC on Tuesday for the proposed project.
NTPC has also entered into another agreement with the Andhra Pradesh government to set up 1,000 MW solar power project in Anantapur distric at investment outlay of ₹ 7,000 crore.
Arup Roy Chowdary, chairman, NTPC and Ajay Jain, principal secretary, energy of Andhra Pradesh signed the agreement in the presence of N. Chandrababu Naidu, chief minister of Andhra Pradesh, and Union power minister Piyush Goyal.
The agreements were signed to mark 100 days of the Telugu Desam Party (TDP) government in Andhra Pradesh, which was bifurcated on 2 June when statehood was granted to the Telangana region.