NTPC to set up 4,000 MW Andhra project

NTPC will set up 4,000 MW power project at Visakhapatnam in Andhra Pradesh at a cost of US$5 billion.

The state Chief Minister N Kiran Kumar Reddy cleared the State Government's concurrence for buying 50 per cent of the power generated at the plant.

According to India Times, the tariff for the power generated from the plant to be located at Pudimadaka, Anakapalli Mandal, Visakhapatnam District will be decided by the Central Electricity Regulatory Commission.

Andhra government had conveyed its willingness for the project in November on the condition that at least 50 per cent of the power produced there shall for all times be allocated to the State which was agreed to by NTPC.

The Andhra Pradesh government will facilitate necessary clearances required and provide land and water for the project.