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Chief Minister Y.S. Jagan Mohan Reddy cleared Adani Green Energy’s pump storage projects with a total capacity of 3,700 MW.
The State Investment Promotion Board (SIPB), reviewed the project on Wednesday.
Reddy approved the investment proposal of Rs 15,740 crore. This is part of the total proposed investment by Adani Group of Rs 60,000 crore in the state Of Andhra Pradesh. It was discussed at the World Economic Forum meeting in Davos.
The project will create 10,000 jobs in four districts of Andhra Pradesh.
Adani Group has proposed pump storage projects in four districts of the state – two plants to be set up in Parvathi Puram, one in YSR Kadapa, and one in Satya Sai district. In Parvathi Puram, a 1200 MW capacity plant will be set up in Kurukutti, and a 1000 MW plant in Karrivalasa.
Meanwhile, a 1000 MW plant will be set up in Gandikota while 500 MW plant in Chitravathi. In each of these districts, Adani Group has proposed that they will be generating 3,000 jobs in Kurukutti, 3000 in Karrivalasa, 1500 in Chitravathi and 2500 in Gandikota.