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NHPC-APGENCO JV to Undertake PSP and RE Projects in Andhra Pradesh

NHPC and Andhra Pradesh Power Generation Corporation have formed a 50:50 joint venture company – APGENCO NHPC Green Energy, for the implementation of pumped storage hydro power projects and renewable energy (solar/floating solar/wind) projects in Andhra Pradesh.

January 24, 2025. By Mrinmoy Dey

NHPC has formed a joint venture with Andhra Pradesh Power Generation Corporation (APGENCO) to undertake renewable energy projects in the state.

The 50:50 JV entity APGENCO NHPC Green Energy Ltd. has been incorporated on January 23, 2025, stated NHPC in a regulatory filing.

The JV company aims to plan, promote and organise an integrated and efficient development of pumped storage hydro power projects and renewable energy (solar/floating solar/wind) projects in the state.

Initially, five projects namely Yaganti PSP (1000 MW), Rajupalem PSP (800 MW), Gadikota PSP (1200 MW), Aravetipalli PSP (1320 MW) and Deenepalli PSP (750 MW), are considered for joint implementation and other projects subsequently identified shall be taken up as mutually agreed in future.

The company will be involved in the planning, investigation, research, design and preparation of preliminary, feasibility and detailed project reports, construction, generation, operation and maintenance of the power station and projects, and sale of power generated from the said projects.

The company will also undertake, where necessary, the construction of intra-state and inter-state transmission lines and ancillary works for timely and coordinated exchange of power, it said.
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