Andhra Pradesh Solar Power Corporation Limited has achieved the distinction of sanctioning 4,000 MW of solar power generation parks under the Ministry of New and Renewable Energy. In doing so, it has been chosen as the best government nodal agency for solar energy push.
Andhra Pradesh Solar Power Corporation is a joint venture of AP Genco, New and Renewable Energy Development Corporation of Andhra Pradesh and Solar Power Corporation of India (SECI).
The corporation has encouraged the setting up of ultra mega solar parks at Anantapur (1,500 MW), Kurnool (1,000 MW) and Kadapa (1,500 MW). Of the 27,263 acres required for implementation of these solar parks, 12,038 acres are already in the possession of the corporation. Acquisition of rest of the land is in progress.
For about 2500 MW solar capacity, developers have already been identified, tendering process is in advanced stage and EPC contracts will be awarded by January. For the remaining 1500 MW, 1000 MW has already been tendered out and 500 MW is close to completion.
Lower tariffs
In the Kurnool park, a lowest tariff of ₹4.63 per kWh was quoted by Sun Edison for 500 MW in Phase-1. In Phase-2, SB Energy promoted by SoftBank of Japan made its debut in Indian solar market with a tariff of ₹4.63 per kWh for 350 MW in open category.
For its role, the Corporation has bagged the Best Government Nodal Agency award for Solar under NSM-Solar Excellence and K.Vijayanand, Chairman of APSPCL, was chosen winner of the Sourya Ratna Award.