Power sector attracts huge investments

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 t

Published: 30th January 2012 04:13 AM  |   Last Updated: 16th May 2012 06:24 PM   |  A+A-

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.

Stay up to date on all the latest Hyderabad news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp