Visakhapatnam: The Andhra Pradesh government has finalised tenders for the setting up of solar plants to generate 6,400MW across 10 parks in the state on Thursday. Four parks are coming up in Kadapah district, three in Anantapur, two in Prakasam and one in Kurnool.
The government is aiming to reduce the subsidy burden resulting from supply of uninterrupted free power to farmers.
Another concern is the burden of the power purchase agreements (PPA) executed by the previous TD government at exorbitant rates.
The average power procurement cost of AP as of now is close to Rs 5.2 per kWh. Therefore, the YSRC government has formulated an approach to procure power from the proposed solar projects.
This would ensure reliable daytime power to farmers and reduce the subsidy burden on the government, thereby making the functioning of the sector sustainable.
The process also has resulted in the government securing close to 14,000 million units of power per annum at a tariff of Rs…