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    Adani Secures Approval For Four Hydro-Pumped Storage Projects In Andhra Pradesh, India


    June 27, 2022 - Fitch Solutions Sector Intelligence

     

      THIS COMMENTARY IS PUBLISHED BY FITCH SOLUTIONS COUNTRY RISK & INDUSTRY RESEARCH and is NOT a comment on Fitch Ratings' Credit Ratings. Any comments or data are solely derived from Fitch Solutions Country Risk & Industry Research and independent sources. Fitch Ratings analysts do not share data or information with Fitch Solutions Country Risk & Industry Research.

      Adani Secures Approval For Four Hydro-Pumped Storage Projects In Andhra Pradesh, India

      • 27 Jun 2022
      • India
      • Infrastructure

      News: The State Investment Promotion Board (SIPB) of Andhra Pradesh has approved Adani Green Energy's four hydro-pumped storage projects with total 3.7GW capacity. The proposed facilities will require an overall investment estimated at INR157.4bn (USD2.0bn). The proposal comprises a 1.2GW facility in Kurukutti, a 1GW plant in Karrivalasa, a 1GW project in Gandikota and a 500MW facility in Chitravathi. Construction is planned to start in December 2022 with commissioning scheduled for December 2028 (Enerdata).

      This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). FSG is solely responsible for the content of this report, without any input from Fitch Ratings.

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