Nation Other News 05 Sep 2022 AP received ₹24,95 ...

AP received ₹24,956 crore new investments in 2.5 years: Peddireddi

DECCAN CHRONICLE. | DC CORRESPONDENT
Published Sep 5, 2022, 1:04 pm IST
Updated Sep 5, 2022, 1:04 pm IST
Minister Peddireddi Ram Chandra Reddy. (DC file image)
 Minister Peddireddi Ram Chandra Reddy. (DC file image)

Vijayawada: Energy minister Peddireddi Ramachandra Reddy on Sunday disclosed that Andhra Pradesh received total ₹24,956 crore new investments in past two-and-a-half years involving 129 mega units.

Holding a virtual conference with officials of energy department, he said the state government is focusing on 24 X 7 power supply to industries as part of its endeavour to attract new investments and provide a congenial industrial atmosphere in AP.

The minister maintained that from January 2020 to June 2022, economic activity has increased, as witnessed by increased power consumption in the state. He pointed to Visakhapatnam as a classic example, with power consumption growing year after year.

Data from last five years shows that in 2018, there had been 13.38 lakh energy customers in Visakhapatnam circle, yet they utilised 30.52 lakh kilowatts of electricity. As of July 2022, number of users has gone up by 28.27 percent to 17.17 lakh. But electricity consumption has increased by 45.72 percent to 44.48 lakh kilowatt.

Ramchandra Reddy authorised energy department to raise the present 24 X 7 power supply to global standards, so that more industries could come into the state.

Special chief secretary (Energy) K. Vijayanand, along with AP TRANSCO CMD B. Sreedhar and other officials, informed the energy minister that power utilities of the state are utilising the services of renowned Delhi-based institute TERI (The Energy and Resources Institute) for training power sector professionals in new skills to ensure sustainable development within the power sector.

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