AP CM approves projects worth Rs 23,985 crore including Steel plant in Kadapa

The South India Times
(Special Correspondent)
Amaravati: Andhra Pradesh State Investment and Promotion Board (SIPB) has approved the projects worth Rs 23,985 crore including the steel plant in Kadapa during the review meeting chaired by the Chief Minister Jagan Mohan Reddy at his camp office in Tadapalli on Monday.
The board approved JSW Steel Limited’s proposal to set up the unit in the YSR district. The company will invest over Rs 8800 cr in two phases generating over 3 million tonnes per annum (mtpa).
Chief Minister Jaganmohan Reddy said, “The project will give direct and indirect employment to thousands of people, and the works should start as early as possible. The entire region of Rayalaseema will benefit once the steel plant and many allied industries start their operations.”
Further, the board also approved two energy projects in the meeting. Adani Green Energy Projects will come up in Vizianagaram and the ASR district with an investment of Rs 6330 crore. The company will set up a pumped hydro storage power project generating 1600 MW. It will give direct and indirect employment to 4000 people.
The Vizianagaram unit will generate 600MW and 1000 MW in the ASR district unit. The officials said over 4,196 million units of electricity per year will be generated from the units.
Shirdi Sai Electricals Limited will set up two hydro storage projects in Erravaram (1200 MW) and Somasila (900 MW) producing over 2100 MW with an investment of Rs 8,855 crore. The officials said the target is to start in July next year and complete it in phases in five years i.e. by December 2028. It would also provide direct jobs to 2100 people.