US Trade and Development Agency signs MoU with Indian company for 41 MW power project in Andhra Pradesh

The MoU was signed between US Trade and Development Agency (USTDA) and private sector firm IL&FS Energy Development Company Limited (IEDCL) on the sidelines of the Indo-Pacific Business Forum hosted by the US Chamber of Commerce

Press Trust of India July 31, 2018 10:22:52 IST
US Trade and Development Agency signs MoU with Indian company for 41 MW power project in Andhra Pradesh

Washington: A US trade development agency on Monday signed a memorandum of understanding with an Indian private company for the development of a 41-MW hybrid wind, solar, and energy storage power plant in Andhra Pradesh.

US Trade and Development Agency signs MoU with Indian company for 41 MW power project in Andhra Pradesh

Representational image. Reuters

The MoU was signed between US Trade and Development Agency (USTDA) and private sector firm IL&FS Energy Development Company Limited (IEDCL) on the sidelines of the Indo-Pacific Business Forum hosted by the US Chamber of Commerce, where US Cabinet secretaries and senior leaders from government and business discussed potential areas of collaboration in the Indo-Pacific.

IEDCL has selected Black & Veatch, a Kansas-based engineering firm, to carry out the technical assistance for the project that will advance pre-implementation and pre-construction activities for the plant, which is expected to lead to a 1,040 MW installation, a media release said. This project is a follow-on to previous USTDA support that assessed the technical, financial and commercial viability of wind, solar, and energy storage hybrid power projects in Gujarat and Andhra Pradesh.

Following the completion of that analysis, IEDCL and the government of Andhra Pradesh signed a Memorandum of Understanding to develop the 1,040 MW project. USTDA Director, Congressional and Public Affairs, Thomas Hardy and IEDCL Chief Operating Officer, Keshav Prasad participated in the signing ceremony. “We appreciate the opportunity to support India's energy infrastructure goals,” said Hardy, “while at the same time, creating new opportunities and market access for US industry.”

“Grid modernisation through hybrid projects like this one will help promote sustainable economic growth in India, and support the government's goal of reaching 175 GW of capacity from renewable sources by 2022,” said Jason Abiecunas, Black & Veatch's Director of Distributed Energy Resources. “Hybrid solutions, by optimising output and reducing variability, will also improve the bankability of renewable energy projects,” he said.

Updated Date:

also read

Andhra Pradesh kid requests cop to book classmate for 'stealing' pencil; watch viral video here
India

Andhra Pradesh kid requests cop to book classmate for 'stealing' pencil; watch viral video here

In the video clip, a boy waring a checkered shirt is claiming that the boy in the mint green shirt has been stealing the nibs of stencil for days. Anguished by the act of theft by his fellow classmate the boy decided to take the matter up with the police

Andhra Pradesh passes Bill to repeal controversial three-capital Act as protest from Amaravati farmers continues
India

Andhra Pradesh passes Bill to repeal controversial three-capital Act as protest from Amaravati farmers continues

Chief Minister Y S Jagan Mohan Reddy has said his government would bring a "comprehensive, complete and better" Decentralisation Bill and the 2020 Act was being repealed to protect the larger interests of people

Roads submerged, airport operations disrupted: Heavy rains bring Tirupati to a standstill
India

Roads submerged, airport operations disrupted: Heavy rains bring Tirupati to a standstill

The weather department has predicted more rainfall for Andhra Pradesh and Tamil Nadu for Friday