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FEB 16 2015

Chief Minister assures green energy investors of speedy clearances

  • Economic Times, ET Bureau / Hyderabad
  • Created: Mon 16th FEB 2015

Chief Minister N. Chandrababu Naidu on Sunday promised investors in green energy of speedy clearances and exemptions for quick execution of projects.

Addressing the inaugural session of the Renewable Energy Global Investors Meet and Expo (Reinvest) organised by the Power Ministry in New Delhi, Mr. Naidu said his government's commitment to make AP and India surplus in energy within the next five years was irrevocable. He added that a vast land bank, committed bureaucracy and political will in AP meant single window clearances for investors without delays.

Incidentally, the Chief Minister has complemented the `Make in India' call of Prime Minister Narendra Modi with his own `Make in AP' proposal. Detailing his plans for creating a green energy environment in the State, Mr. Naidu said the government was interested in a hybrid power policy including solar and wind power generation plans.

"Investors could straight away enter into tripartite agreements involving DISCOMS, while the government will announce prices on its part. Business models are needed for the State to set up 13.5 lakh solar pump sets. Along with it, LED bulbs will have to replace the existing non-LED options," he said.

AP is aiming at huge investments in transmission and distribution and solar power, the CM said, adding that in the next five years, the State would become power surplus.

Union Minister for Energy Piyush Goyal expressed confidence that the country would meet power targets within the scheduled time frame. "All that it needs is the cooperation of States. Coal block allotments have already taken off, and it will benefit the country immensely," he said. The occasion also saw the CM and the Union Minister praising each other for their astuteness and vision. While Mr. Naidu's remarks on Mr. Goyal's efficiency led to an applause, the latter hailed Mr. Naidu for being the quickest in implementing developmental programmes, especially in the power sector.

Later the CM and Principal Secretary (Energy) Ajay Jain addressed the concerns of investors.

The government's commitment to make AP and India surplus in energy within the next five years is irrevocable, says CM


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