Krishnapatnam Power Corpn, AP Govt Ink Power Project Deal

The Hyderabad-based CVR group led Krishnapatnam Power Corporation has signed a memorandum of understanding (MoU) with the Government of Andhra Pradesh to build 2780 MW (3X660 MW & 1X800 MW) capacity of thermal power projects with an estimated investment of Rs. 16, 680 crore.

The project is located on the coastal region of Bay of Bengal in Tamminapatnam Mommidi revenue Panchayat villages, proximate to Krishnapatnam Port, in SPS Nellore District, Andhra Pradesh. The ambitious project is expected to create direct / indirect employment opportunities for approximately 1500 people.

Mr. Chinta Sasidhar – Director, Krishnapatnam Power Corporation said, “The recent agreement has tremendously fortified our commitment and contribution towards the macro scheme of ‘Infrastructure Mission’ of Andhra Pradesh which envisions the creation of world class infrastructure for excellent connectivity and augmenting power generation capacity”.

“With the commissioning of these projects we expect the huge demand of the state to be dealt actively apart from creating immense job opportunities.” he further added.