The State Investments Promotion Board (SIPB) of the headed by chief minister Y S Jagan Mohan Reddy had cleared the projects worth 15,000 crore in green energy.
These projects would generate 3,000 crore revenue to the state government and 10,000 jobs to the people.
The chief minister chaired the SIPB meeting held at his Tadepalli camp office on Wednesday, which cleared pump storage projects proposed by Adani Green Energy with a total capacity of 3,700 MW. This was part of the 60,000 crore projects proposed by the Adani Group in the state. The proposal was cleared at the World Economic Forum meeting held in January this year.
The Adani Group had come forward to invest 15,740 crore providing EMPLOYMENT for 10,000 people. The projects would come up in Parvathipuram and YSR districts. In Parvathi Puram, a 1,200 MW capacity plant will be set up in Kurukutti, and a 1,000 MW plant in Karrivalasa.
Meanwhile, a 1000 MW will be set up in Gandikota while 500 MW plant in Chitravathi. In each of these districts, Adani Group has proposed that they will be generating 3,000 jobs in Kurukutti, 3,000 in Karrivalasa, 1,500 in Chitravathi and 2,500 in Gandikota.
The project would commence in December 2022 on 1,490 acres of land each and would be commissioned in December 2028. The state government has decided to take the lands from the farmers at a cost of 30,000 per acre.