Naidu, Lokesh discuss investments to AP for renewable energy projects

Vijayawada:Chief Minister N Chandrababu Naidu and Education Minister Nara Lokesh have welcomed investments to Andhra Pradesh for developing renewable energy projects.

Delegations from SAEL Ltd and leading financial institutions in renewable energy Norfund, NDBBank and Societe Generale met the two on Saturday and discussed their plans and projects for AP.

The CM said the state’s Integrated Clean Energy Policy-2024 was designed to provide a robust regulatory framework for clean energy investments.

He stated later, “It was a pleasure to meet representatives of SAEL Ltd and leading financial institutions to discuss investments under the Integrated Clean Energy Policy. We welcome investors to develop renewable energy projects in Andhra Pradesh and to assist in India's energy transition. SAEL also introduced their innovative waste-to-energy technology and we discussed collaboration to develop such projects in AP to utilise agri-waste and augment farmer incomes.”

Minister Lokesh stated, “I met Sukhbir Singh, MD, SAEL Industries Ltd, to discuss SAEL's upcoming 1200mw investment in state in two phases. They will be commencing work on the first phase of the 600mw project, one of the first projects to commence construction under our attractive integrated clean energy policy. We also discussed SAEL's innovative waste-to-energy technology using agricultural waste and its use in AP. I also met representatives of Norfund, NDBBank and Societe Generale to discuss their investments in AP.”