NHPC enters into JV with APGENCO for hydro power and renewable projects
APGENCO NHPC Green Energy has been incorporated as a 50:50 joint venture between NHPC and Andhra Pradesh Power Generation Corporation.
NHPC enters into JV with APGENCO for hydro power and renewable projects
State-run NHPC and Andhra Pradesh Power Generation Corporation have entered into a joint venture company, APGENCO NHPC Green Energy. APGENCO NHPC Green Energy has been incorporated as a 50:50 joint venture between NHPC and Andhra Pradesh Power Generation Corporation.
The objectives of forming a joint venture company are to develop a plan, promote and organize an integrated and efficient development of pumped storage hydropower projects and renewable energy (solar/floating solar/wind) projects including planning, investigation, research, design and preparation of preliminary, feasibility and detailed project report, construction, generation, operation, and maintenance of power station and project, and sale of power generated from the said project.
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Initially, five projects namely Yaganti PSP (1000MW), Rajupalem PSP (800 MW), Gadikota PSP (1200 MW), Aravetipalli PSp (1320 MW) & 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 carry on all kinds of activities relating to construction, operation and maintenance including surveys of all types of environmental management, pre-feasibility reports, feasibility reports, detailed project reports, techno-economic investigations, supply of basic engineering and detailed engineering design and working drawings layouts and blueprints for construction, operation, maintenance, renovation and modernization of the projects including equipment and other assets, on the power project working, and equipment selection therein, material handling, preparation of specifications and issue of tender documents, Tender evaluation and purchase assistance of all materials and goods on such project(s), expediting, inspecting and testing, construction supervision, project management, acceptance testing and quality assurance evaluation, construction, commissioning, operation & maintenance and trading & sale of the power thus generated.
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