A US trade development agency today signed a memorandum of understanding (MoU) with an Indian private company for the development of a 41-MW hybrid wind, solar, and energy storage power plant in Andhra Pradesh.
The 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, where US Cabinet secretaries and senior leaders from government and business discussed potential areas of collaboration in the Indo-Pacific.
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.
This is a Syndicate News Feed