Andhra Pradesh Chief Minister Y S. Jagan Mohan Reddy has sanctioned pump storage projects proposed by Adani Green Energy with a total capacity of 3,700 MW. The Chief Minister has cleared the proposal of Rs 15,740 crore which is a part of total investment of Rs 60,000 crore proposed by Adani Group in the state.
The project will create employment opportunities for 10,000 people across four districts.
Adani Group has proposed pump storage projects in four districts of the state – two plants to be set up in Parvathi Puram, one each in YSR Kadapa, and Satya Sai district.
In Parvathi Puram, a 1,200 MW capacity plant will be set up in Kurukutti, and a 1,000 MW plant in Karrivalasa.
Moreover, a 1,000 MW plant will be set up in Gandikota, while 500 MW plant in Chitravathi. In each of these districts, the company has proposed to create 3,000 jobs in Kurukutti, 3,000 in Karrivalasa, 1,500 in Chitravathi and 2,500 in Gandikota.
The project is stipulated to commence in December 2022 and is likely to commission in December 2028.
The plants will be set up spanning across 1,490 acre of land parcel, while the state government has decided that the land will be leased from farmers at the cost of Rs 30,000 per acre in these districts, which will be transferred to the farmers directly.