HYDERABAD: The state government on Sunday claimed that for the first time the the state power sector had attracted a lion's share of investments of around Rs 2.93 lakh crore and stood number two in attracting investments.
Enthused with the success of CII Partnership Summit- 2012 in attracting substantial investments, the government directed all power utilities to fully gear up and re-double the efforts to meet the power requirements of the entire industrial sector, present and future, by enhancing the generating capacity to the maximum extent, accordign to an official press release.
Out of around Rs 6.47 lakh crore investments, for which MoUs were signed by investors with the government at the summit, a lion’s share of Rs. 2.93 lakh crore investments, the second largest, was cornered by the power sector for the first time.
It clearly shows the credibility of the AP power sector which is the main pillar of sustained economic growth, the statement claimed. Principal secretary (energy) Dinesh Kumar, who is also a member of the investment promotion committee, suggested to AP Genco managing director K Vijayanand, joint managing director D Prabhakar Rao and director (projects) Radhakrishna on Saturday to explore the possibility of taking up shortterm and long-term programmes to achieve the optimum level of enhancing additional generating capacity .
APGenco, as a short-term measure, is planning to generate an additional 3,210 MW with an investment of around Rs 16,000 crore. Power utilities are making all-out efforts to supply satisfactory power to all categories of consumers. As part of this, the government has given approval to APTransco to spend Rs 1,083 crore on purchase of power between mid-January and end of May this year.