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NHPC and Essar Renewables launch $475 million renewables project in Andhra Pradesh
Original: India's NHPC, Essar Renewables partner on $475 million renewable energy project in Andhra Pradesh
India's state-run hydropower company NHPC and Essar Renewables have agreed to partner on a renewable energy project in Andhra Pradesh valued at $475 million. The joint venture, reported by Reuters, pairs a major public-sector power utility with a private renewables developer as India pushes to expand clean power capacity. Details on the project's technology mix and timeline were not immediately disclosed.
Why now: It signals fresh public-private investment in India's fast-growing renewable energy sector.
NHPCEssar RenewablesAndhra Pradesh
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- India's NHPC, Essar Renewables partner on $475 million renewable energy project in Andhra Pradesh · Reuters
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