Hazoor Multi Projects (HMPL) has announced an investment of a whopping Rs 2,500 crore for a 500 MW solar power project to be located in Prakasam district, Andhra Pradesh. The project covers an area of 2,000 acres, designed to substantially augment the renewable energy capacity of the region. The Andhra Pradesh government is supporting the project through the New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP), while the project is geared towards giving a thrust to the green energy sector in the state. HMPL has been asked to submit a detailed project report (DPR) for the approvals process.
The solar power plant’s ambitious scale and location highlight HMPL’s dedication to advancing clean energy solutions. This project follows the company’s previous success in Maharashtra, where it executed a 1.2 GW clean energy initiative, underscoring HMPL’s expertise in renewable energy infrastructure.
Conclusion
HMPL Investment of Rs 2,500 Crore on a solar project in Andhra Pradesh symbolizes yet another milestone in HMPL’s renewable energy business. The development will further cement HMPL’s standing in the growing green energy market in India while helping realize the wider objectives toward sustainable and renewable power generation in the country. Encouraged by the state government and with the proven success of the company in renewable projects, this project will further strengthen markedly HMPL’s position as a key player in the clean energy future of India. The project, focused on largescale solar electricity generation, complies with global trends pushing towards sustainability that have long-term impacts on environmental and local economic welfare.
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