$73 million German aid for Andhra Pradesh power sector

08-Oct-2015 #Policy News Source: Times of India

Germany has entered into an agreement with AP to extend $73 million interest-free loan for development of a green energy corridor in Anantapur, Kurnool, Kadapa and Chittoor districts of the state that will utilise power generated by solar and wind power projects. The government has selected AP Transco to implement the first of its kind green corridor project. As per the plan, the 1000 MW NTPC solar power project in Anantapur and 689 MW solar power generated by independent power projects being developed in Kadapa, Kurnool and Chittoor districts will be linked to this green corridor.

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