Andhra Pradesh Sunday signed MOUs for generation of 4,000 MW wind power and 200 MW hybrid power.
The MoUs were signed here on the sidelines of Renewable Energy Global Investors Meet and Expo (Re-invest).
Chief Minister N Chandrababu Naidu, who unveiled the state’s wind power and solar power policy, invited investors to invest in the state, promising to clear all proposals in 21 days.
Addressing the inaugural session of the meet, Naidu also assured investors in green energy of several exemptions and non-stop-plan-to-execution scheme.
Stating that his government is committed to make Andhra Pradesh energy surplus next five years, he said the state was aiming at Rs.8.5 billion investment in transmission and distribution and a very large investment in solar power, according to an official statement.
Naidu said business models were needed for the state to establish 13.5 lakh solar pumpsets and replacing non-LED bulbs with the LED ones.
The chief minister also offered land for a power training institute, which union Energy Minister Piyush Goyal promised to establish in the state.