US Agency Signs MoU With Indian Company For Power Project In Andhra

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A 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 for the development of a 41-MW hybrid wind, solar, and energy storage power plant in Andhra Pradesh, reported PTI.

Power Project
Image for representational purpose only

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.

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Hardy appreciated the opportunity to support India’s energy infrastructure goals along with creating new opportunities and market access for US industry. He further said that hybrid solutions, by optimising output and reducing variability, will also improve the bankability of renewable energy projects.

 

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