NHPC, AP Genco Form JV To Develop 5 GW PSP Projects

The National Hydroelectric Power Corporation (NHPC) partnered with Andhra Pradesh Power Generation Corporation Limited (APGENCO) to develop a 5.07 GW pumped storage project (PSPs) across five locations in Andhra Pradesh. The NHPC told about its plans for the joint venture in Andhra Pradesh in a regulatory filing.

NHPC said, "The Joint Venture Company envisions planning, promoting, and organizing an integrated and efficient development of Pumped Storage Hydro Power Projects and Renewable Energy (Solar/Floating Solar/Wind) Projects."

The company said in a regulatory filing, “The JV would undertake planning, investigation, research, design and preparation of preliminary, feasibility and detailed project report, construction, generation, operation, and maintenance of power station and project, and sale of power generated from the said project."

The company would Initially take five projects namely--

Yaganti PSP (1000MW),
Rajupalem PSP (800 MW),
Gadikota PSP (1200 MW),
Aravetipalli PSP (1320 MW)
Deenepalli PSP (750 MW),

These PSP projects are being considered for joint implementation and other projects subsequently identified shall be taken up as mutually agreed in the future. The company talked about the series of activities that the JV would undertake, NHPC stated in the regulatory filing, “The JV would construction, operation, and maintenance including surveys of all types of environmental management, pre-feasibility reports, feasibility reports, detailed project reports, techno-economic investigations, supply of basic engineering and detailed engineering design and working drawings layouts and blueprints for construction, operation, maintenance, renovation, and modernization of the projects.”

Additionally, the Andhra Pradesh project would include the use of equipment and other assets, on the power project working, and equipment selection therein, material handling, preparation of specifications and issue of tender documents, Tender evaluation, and purchase assistance of all materials and goods about such project(s), expediting, inspecting and testing, construction supervision, project management, acceptance testing and quality assurance evaluation, construction, commissioning, operation & maintenance and trading & sale of the power thus generated.

NHPC, APGENCO Tie Up For 1.8 GW Renewable Energy Projects

Last year, in 2024, NHPC and Andhra Pradesh Power Generation Corporation (APGENCO) formed a Joint Venture Company (JVC) to implement 1.8 GW of renewable energy projects in the state. These projects had a combined installed capacity of 1800 MW (1.8GW) and were planned for joint implementation. The joint venture envisioned to implement two projects—Yaganti PSP (1000 MW) and Rajupalem PSP (800 MW) in the first phase.