ANI PR Wire
16 Mar 2023, 17 GMT+10
New Delhi [India], March 16 (ANI/PRNewswire): Hero Future Energies is delighted to announce the signing of a Memorandum of Understanding with the Govt. of Andhra Pradesh per which it will be setting up a renewable energy facility in the state and work closely with the state Government to catalyze economic growth in Andhra Pradesh. The MoU, signed on the sidelines of the Andhra Pradesh Global Investor's Summit 2023, states that Hero Future Energies plans to invest a sum of Rs. 30000 Crores to set up RE facilities (Solar & Wind) for C&I customers, Utility projects and Green hydrogen Derivatives in state of AP, over the next three to five years. These facilities are expected to generate employment for approximately 10000 persons in the state. The MoU was signed in the presence of K. Vijayanand, Special Chief Secretary to the Govt. of Andhra Pradesh, Department of Energy and Arun Tripathi, Head - Energy Business, HFE.
Speaking on this occasion, Arun Tripathi said, "We are extremely happy to partner with the Govt. of AP in their sustainable growth journey. HFE plans to make the most of the conducive policy environment for renewables sector in Andhra Pradesh and help the state emerge as a leading hub for renewables in the country. This MoU reflects HFE's commitment to not only accelerate green growth across the country but also create more green jobs."
Established in 2012, Hero Future Energies is present across multiple states in India, Bangladesh, Vietnam, Singapore, Ukraine and the UK. The company is an independent power producer (IPP) with about 1.6 GW of operating assets across utility and commercial & industrial sectors. The company plans to invest progressively in grid connected solar and wind, rooftop sectors, energy storage and green hydrogen over the next few years in India and internationally.
This story has been provided by PRNewswire. ANI will not be responsible in any way for the content of this article. (ANI/PRNewswire)
Get a daily dose of Kolkata Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Kolkata Sun.
More InformationBOISE, Idaho: Under a bill passed by the Idaho Legislature thios with a veto-proof majority, the state will allow firing ...
SACRAMENTO, California: The state of California and generic drug manufacturer Civica have announced a 10-year partnership to produce affordable, state-branded ...
CHEYENNE, Wyoming: A Wyoming bill outlawing the use or prescription of medication abortion pills, which was passed by the state's ...
DENVER, Colorado: The Southern Nevada Water Authority has voted to accept a $2.4 million grant from the US Bureau of ...
WASHINGTON D.C.: The US government has reported that the exceptionally wet winter in California this year will offer relief from ...
FRANKFURT, GERMANY: Authorities said that as part of a crackdown on gangs suspected of blowing up ATM machines and stealing ...
TAIPEI, Taiwan: Reuters reported that after winning an order to manufacture wireless AirPods earphones for Apple for the first time, ...
Mumbai (Maharashtra) [India], March 22 (ANI): Amid rising Covid-19 cases in the country, Maharashtra on Wednesday reported one Covid death ...
Mumbai (Maharashtra) [India], March 22 (ANI): Actor Ajay Devgn is gearing up for the release of his film 'Bholaa'. 'Bholaa' ...
New Delhi [India], March 22 (ANI): The Inspire Institute of Sport (IIS) on Wednesday announced the inaugural IIS-Sangai Cup in ...
Kupwara (Jammu and Kashmir) [India], March 22 (ANI): Peoples Democratic Party (PDP) chief Mehbooba Mufti on Wednesday welcomed the opening ...
New Delhi [India], March 22 (ANI): Union Minister of State Minister of State for Civil Aviation and former Army Chief ...