ANI PR Wire
16 Mar 2023, 12:30 GMT+10
New Delhi [India], March 16 (ANI/PRNewswire): Hero Future Energies is delighted to announce the signing of a Memorandum of Understanding with the Govt. of Andhra Pradesh per which it will be setting up a renewable energy facility in the state and work closely with the state Government to catalyze economic growth in Andhra Pradesh. The MoU, signed on the sidelines of the Andhra Pradesh Global Investor's Summit 2023, states that Hero Future Energies plans to invest a sum of Rs. 30000 Crores to set up RE facilities (Solar & Wind) for C&I customers, Utility projects and Green hydrogen Derivatives in state of AP, over the next three to five years. These facilities are expected to generate employment for approximately 10000 persons in the state. The MoU was signed in the presence of K. Vijayanand, Special Chief Secretary to the Govt. of Andhra Pradesh, Department of Energy and Arun Tripathi, Head - Energy Business, HFE.
Speaking on this occasion, Arun Tripathi said, "We are extremely happy to partner with the Govt. of AP in their sustainable growth journey. HFE plans to make the most of the conducive policy environment for renewables sector in Andhra Pradesh and help the state emerge as a leading hub for renewables in the country. This MoU reflects HFE's commitment to not only accelerate green growth across the country but also create more green jobs."
Established in 2012, Hero Future Energies is present across multiple states in India, Bangladesh, Vietnam, Singapore, Ukraine and the UK. The company is an independent power producer (IPP) with about 1.6 GW of operating assets across utility and commercial & industrial sectors. The company plans to invest progressively in grid connected solar and wind, rooftop sectors, energy storage and green hydrogen over the next few years in India and internationally.
This story has been provided by PRNewswire. ANI will not be responsible in any way for the content of this article. (ANI/PRNewswire)
Get a daily dose of Thailand Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Thailand Herald.
More InformationDHARAMSHALA, India: The Dalai Lama turned 90 on July 6, celebrated by thousands of followers in the Himalayan town of Dharamshala,...
HONG KONG: China has fired back at the European Union in an escalating trade dispute by imposing new restrictions on medical device...
(250709) -- SUWON, July 9, 2025 (Xinhua) -- Shao Ziqin (L) of China celebrates after scoring during the women's football match between...
By recognizing Afghanistan, Moscow confirms its central role in Eurasia Russia's recent decision to officially recognize the Islamic...
(250709) -- KUALA LUMPUR, July 9, 2025 (Xinhua) -- Malaysian Prime Minister Anwar Ibrahim addresses the 58th Foreign Ministers' Meeting...
New Delhi [India], July 9 (ANI): It's been four days since India's historic qualification for the AFC Women's Asian Cup Australia 2026....
SLUBICE, Poland: Poland reinstated border controls with Germany and Lithuania on July 7, following Germany's earlier reintroduction...
WASHINGTON, D.C.: After months of warnings from former federal officials and weather experts, the deadly flash floods that struck the...
MOSCOW, Russia: Just hours after his sudden dismissal by President Vladimir Putin, Russia's former transport minister, Roman Starovoit,...
DHARAMSHALA, India: The Dalai Lama turned 90 on July 6, celebrated by thousands of followers in the Himalayan town of Dharamshala,...
ZAGREB, Croatia: A massive concert by popular Croatian singer Marko Perković, known by his stage name Thompson, has drawn widespread...
WASHINGTON, D.C.: Elon Musk's entry into the political arena is drawing pushback from top U.S. officials and investors, as his decision...