Cabinet nod for three solar parks.

The Andhra Pradesh Cabinet has given approval for setting up three Mega Solar Energy parks in Anantapur, Kurnool and Kadapa districts. The three parks with a capacity of 2,500 MW will be set up with the cooperation from Solar Power Corporation, said I&PR Minister Palle Raghunatha Reddy recently after the Cabinet meeting. The Cabinet took a decision allotting 5,500 acres for the 1,000 MW solar power park at Kadiri in Anantapaur to be set up by the NTPC with an investment of Rs.7,000 crore; 5,000 acres at Panyam in Kurnool for 1,000 MW solar power park by NVVNL company and 3,000 acres at Galiveedu in Kadapa for another solar park of 500 MW to be set up by APGenco. A memorandum of Understanding would be signed in the presence of Union Power Minister recently for the 2,500 MW solar power and also 4,000 MW thermal plant at Visakhapatnam, he said. The capital assistance of 50 per cent will come from the Centre, 41 per cent from APGenco and nine per cent from Nedcap for the solar power projects.