AP with a major boost in alternative energy production

• In a major boost to renewable energy sector, the Andhra Pradesh Government has inked memorandums with several companies with a total investment outlay potential of Rs. 19,000 crore.
• SBJ Cleantech, a joint venture of SoftBank Corporation of Japan, Foxconn Technology Group of Taiwan and Bharti Enterprises; Gamesa, the Spanish wind turbine maker, and Accinona Energia signed separate agreements for setting up solar and wind power projects in the State.
• The three-way venture of SBJ Cleantech has outlined plans to develop 2 Giga Watt solar (2000 MW) and One Giga Watt (1000 MW) wind power projects.
• The Chief Minister, N Chandrababu Naidu, has assured strengthening of transmission network and wanted the developers to bring down the cost to Rs. 4 per unit from Rs. 6 now.

Source: TheHindu