Under this mandate, Servotech Renewable will execute the Design, Engineering, Supply, Installation, Testing, and Commissioning of rooftop solar plants in varying capacities for 5,886 Scheduled Caste (SC) and Scheduled Tribe (ST) households. The project will be implemented through a Utility-Led Aggregation (CAPEX) model and includes 5 years of comprehensive Operation & Maintenance (O&M).

This initiative aims to deliver reliable, clean, and cost-effective energy to thousands of beneficiaries, directly supporting Andhra Pradesh’s renewable energy vision and contributing to long-term socio-economic upliftment.

Sarika Bhatia, Whole-Time Director, Servotech Renewable Power System Ltd., expressed enthusiasm about the order, stating, “We are honored to have this opportunity to work with NREDCAP on a project that brings solar energy directly to thousands of consumers from the community. This order reflects our commitment to advancing inclusive clean energy growth and demonstrates our ability to execute large-scale distributed solar deployments with precision and quality. Servotech Renewable remains focused on empowering communities and strengthening India’s journey toward a sustainable, energy-secure future.”

NTPC Green Energy Limited has signed a mega deal with the Government of Andhra Pradesh to set up renewable energy projects close to a staggering amount of Rs 2 lakh crores!

NTPC green energy limited inked a joint venture with NREDCAP i.e. the New and Renewable energy development corporation of AndhraPradesh limited to set up RE projects across the state.

As per the government the focus will be on generating 25 GW hashtag#solar/Wind 10 GW pumped storage and 0.5 MMTPA hashtag#greenhydrogen.

Commenting on the JV Mr Nara Chandrababu Naidu chief minister of hashtag#Andhra Pradesh said ‘This historic project will create over 1 lakh hashtag#jobs and position our state as a renewable energy leader at the forefront of hashtag#India’s green energy revolution’.

“The new ICE Policy 2024 continues to attract investments and pave the way for Andhra Pradesh to emerge as a clean energy hub. Today, NTPC Green Energy Ltd. signed a Joint Venture with NREDCAP to set up RE projects worth ₹2,00,000 Cr in Andhra Pradesh,” he wrote.

“The focus will be on 25 GW Solar/Wind, 10 GW Pumped Storage, and 0.5 MMTPA Green Hydrogen. This historic project will create over one lakh jobs and position our state as a renewable energy leader at the forefront of India’s green energy revolution,” he added.

The joint venture is expected to create employment for 1,06,250 people with an estimated financial benefit of Rs. 20,620 crore over a period of 25 years. NTPC Green Energy will facilitate securing financial and technical support and obtaining necessary clearances from the Centre and NREDCAP will identify suitable sites, provide data and encumbrance-free land, and assist in obtaining state-level permits and clearances.

NGEL is an umbrella company for the green business initiatives of the National Thermal Power Corporation (NTPC) and undertakes projects through organic and inorganic routes and aims to be the flag-bearer of NTPC’s green energy journey to achieve the ambitious target of 60 GW by FY 2032.

The state government last month launched the Integrated Clean Energy Policy-2024. It has set an ambitious agenda for transitioning to renewable energy. With plans to develop 78.5 GW of solar and 35 GW of wind energy capacity, along with 25 GWh of battery storage, the sate aims to become a clean energy powerhouse. The state government said that this policy will not only contribute to India’s net-zero target but also foster a circular economy, create 7.5 lakh jobs, and attract investments worth Rs 10 lakh crore.