The Jaganmohan Reddy government has decided to procure 7000 MW solar power from the Solar Energy Corporation of India (SECI) from 2024 onwards, in tranches.
Andhra Pradesh Energy Minister Balineni Srinivasa Reddy said that the procurement is to supply free power to 18 lakh farmers in the state for nine hours daily. “Rs 2.49/kWh purchase is as per the tender discovered price of SECI, a Public Sector Undertaking,” Balineni said while adding that a special distribution company would ensure the free power supply to farmers for 25 years.
The YSRCP government had earlier planned to build 10,000 MW capacity solar power projects for the purpose and tenders were floated last year for 6400 MW, under the initial phase. Adani Green Energy, Torrent, NTPC were among the successful bidders.
