AP greenlights 15 major projects: Navayuga and MEIL among Rs 3 lakh crore investments

Amaravati: The coalition government’s efforts towards attracting investments in the state have yielded positive results, the government said. Industrialists from various sectors are showing interest in investing in the state.

Total value of investments crosses Rs 3 lakh crore

During the third meeting of the State Investment Promotion Board (SIPB), chaired by chief minister Nara Chandrababu Naidu at the Secretariat here on Thursday, approval was granted for 15 projects. With this, the total value of investments approved by SIPB has surpassed Rs 3 lakh crore.

Along with these, projects by companies like ArcelorMittal, NTPC, HPCL and BPCL have already received clearance. Projects like ArcelorMittal Steel (with an investment of Rs 1.36 lakh crore) and BPCL (with an investment of Rs 96,000 crore) are set to break ground within the next three months. The CM instructed officials to complete all necessary permissions and get these projects on the ground as soon as possible.

Three SIPB Meetings in seven months

In the past seven months, the state government’s policies and support have been effectively attracting investments.

In the first SIPB meeting, investments worth Rs 83,987 crore were approved, and in the second SIPB meeting, investments of Rs 1,82,162 crore were approved. In Thursday’s meeting, an additional Rs 44,776 crore worth of investments were approved. These 15 projects will create 19,580 jobs. Since the coalition government took office, SIPB has approved investments worth Rs 3,10,925 crore, which will employ 3,12,576 people.

Review of project progress

The CM instructed officials to track investments closely to ensure that projects are implemented quickly. He directed the progress of every project with an investment of over Rs 10 crore must be tracked. The progress of projects approved in the previous SIPB meetings was also discussed on Thursday.

The CM suggested that continuous discussions with the industries’ management teams should be held to get projects off the ground as soon as possible. He emphasised that, in today’s competitive environment, results should be demonstrated through the swift implementation of business operations.

He also advised officials to review permissions at the district level with collectors to remove any on-ground obstacles. The CM highlighted the satisfactory response from major companies and national and international industrialists interested in investing in the state. He urged officials to engage with companies like DP World from Dubai and AP Muller Marks from Denmark, who showed interest in investing in the state during the Davos visit, to coordinate and finalise investments. He emphasised using every opportunity to secure investments for the state, including focusing on the tourism sector to achieve 20 per cent growth in this area.

The 15 projects approved in the third SIPB meeting will come in the renewable energy and food processing sectors.

Navayuga Engineering

Navayuga Engineering is setting up a 1,500 MW project in Gojjili, Alluri Sitarama Raju district, and an 800 MW project in Chitthamvalasa, with an investment of Rs 14,328 crore. These projects will provide employment for 3,450 people.

Megha Engineering (MEIL)

Megha Engineering and Infrastructure Ltd. is setting up a pumped storage project in Kommuru, Annamayya district, with an investment of Rs 10,300 crore, providing employment for 3,000 people.

Aspari

Aspari Renewable is setting up a 118.80 MW wind power project in Anantapur and Sri Satyasai districts, with an investment of Rs 972.23 crore. This project will provide employment for 150 people.

Anantapur Renewable Private Limited

Anantapur Renewable Private Limited is setting up a 178.20 MW wind power project in Anantapur with an investment of Rs 972.23 crore, providing jobs to 225 people.

Kadapa Renewable Private Limited

Kadapa Renewable Private Limited is setting up a 231 MW wind power project in Sri Satyasai district with an investment of Rs 1,163.11 crore, creating employment for 300 people.

Ecoren Energy India

Ecoren Energy India is setting up a 201.30 MW wind power project in Anantapur and Sri Satyasai districts with an investment of Rs 1,651 crore, providing employment to 255 people.

Ayana Power

Ayana Renewable Power, part of Ecoren Limited, is setting up a renewable energy plant in Kurnool district with an investment of Rs 4,435 crore, with a capacity of 498.30 MW. This project will provide employment for 630 people.

Ampin Energy

Ampin Energy Transition Pvt. Ltd., also from Ecoren Limited, is setting up a 350 MW wind-solar hybrid power centre in Kurnool and Nandyal with an investment of Rs 3,142 crore. The project will generate 1,200 jobs.

SAEL

SAEL Solar is setting up two 300 MW solar power plants, totalling 600 MW, with an investment of Rs 3,456 crore in Anantapur Kadapa, and Nandyal, providing employment for 2,070 people.

Tata Power

Tata Power is setting up a 400 MW solar power centre in Anantapur with an investment of Rs 2,000 crore. This project will create 1,380 jobs.

NSL Renewable CPP

NSL Renewable CPP Pvt. Ltd. is setting up a 50 MW wind-solar hybrid power plant with an investment of Rs 567 crore. It will provide employment for 170 people.

Coromandel

Coromandel International Ltd. has proposed to expand its fertiliser plant in the Kakinada district with an investment of Rs 1,539 crore, creating employment for 750 people.

ALEP, EMC Kopparthi

ALEP (Association of Lady Entrepreneurs of India) is setting up a food processing project in Kodur with an investment of Rs 305 crore, creating employment for 6,000 people. EMC Kopparthi is also investing in food processing projects in Kadapa district.