Adani Green Energy gets nod from Andhra Pradesh SIPB for hydro storage power project

Adani Green Energy Ltd. | Power Generation/Distribution | Power | BSE: 541450 | NSE: ADANIGREEN

14 Dec 2022 Evaluate

Andhra Pradesh State Investment Promotion Board (SIPB) has given an approval for 1,600 megawatts pumped hydro storage power projects by Adani Green Energy which will invest Rs 6,330 crore providing direct employment to over 4,000 people.

The company will set up a 1,000 MW plant in Pedakota of Alluri Sitarama Raju district, and a 600 MW plant at Raiwada in Anakapalli and Vizianagaram districts.

Adani Green Energy builds, owns and operates power plants powered by renewable sources of energy like solar and wind.

Peers

Company Name	CMP
NTPC	327.35
Tata Power	361.75
Adani Power	201.00
Power Grid Corpn.	264.25
Adani Energy Solut.	1350.40
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