The Hyderabad-based CVR group-led Krishnapatnam Power Corporation has signed a memorandum of understanding (MoU) with Andhra Pradesh to build 2780 MW (3X660 MW and 1X800 MW) capacity of thermal power projects with an investment of Rs 16,680 crore.

The project is proposed to be located on the coastal region of Bay of Bengal in Tamminapatnam Mommidi revenue panchayat villages, close to the Krishnapatnam Port in SPS Nellore District, Andhra Pradesh.

The project is expected to create direct/indirect employment opportunities for approximately 1,500 people.

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

“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.

The diversified CVR Group is engaged in 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 is the apex body for Power Generation in Navayuga Group and is promoted by the Navayuga Engineering Company Ltd, which is also a part of the Navayuga Group Company and its associates.

Krishnapatnam Power Corporation Ltd is the SPV implementing the coal fired thermal project, promoted by NPCL.

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