Krishnapatnam Power Corp inks mega deal worth 17,000 crore

Krishnapatnam Power Corp inks mega deal worth 17,000 crore

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.

A ship at Krishnapatnam port
A ship at Krishnapatnam port

“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,” said Chinta Sasidhar – Director, Krishnapatnam Power Corporation.

“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.

CVR Group holds interests in activities such as Engineering, Construction, Ports, Power, Software Development and Exports.

The group has ventured into power generation in a big way by developing an installed capacity of about 5000 MW comprising of thermal as well as hydro electric power plants.

Navayuga Power Corporation Ltd (NPCL) is the apex body for Power Generation in Navayuga Group. NPCL is promoted by the Navayuga Engineering Company Ltd (NECL) which is also a part of the Navayuga Group Company and its associates.
Krishnapatnam Power Corporation Ltd. (KPPCL) is the SPV implementing the coal fired thermal project, promoted by NPCL
About CVR Group

READ  More Devt Banks Need To Join Hands With Isa To Promote Renewable Energy: Jaitley