Telangana Attracts Rs 29,000 Cr In Green Energy Investments From Ecoren & GPSR Arya

Hyderabad, April 19 (KNN) Telangana has successfully attracted renewable energy investments totaling Rs 29,000 crore from Ecoren Energy India Private Limited and GPSR Arya Private Limited under the recently launched Telangana Clean and Green Energy Policy 2025.

Ecoren Energy will establish wind and solar power projects valued at Rs 27,000 crore across multiple locations in the state. 

These projects are projected to reduce carbon emissions by approximately 400 million tonnes over a 25-year period. 

The company's investments are expected to generate around 16,200 local employment opportunities and contribute approximately Rs 1,600 crore in State Goods and Services Tax (SGST) revenues.

The investment from Ecoren Energy encompasses three major renewable energy initiatives: a 3,279 MW wind-solar hybrid project at three locations in Sangareddy and Narayanpet districts, a 1,650 MWp floating solar project across seven locations in Jayashankar Bhupalpally district, and a 650 MWp ground-mounted solar project in Jogulamba Gadwal district.

GPSR Arya, meanwhile, will develop 15 compressed biogas (CBG) projects, each with a capacity of 15 tonnes per day. 

This represents a total investment of approximately Rs 2,000 crore through joint ventures with public sector oil marketing companies, including Indian Oil Corporation (IOC) and Bharat Petroleum Corporation Limited (BPCL).

The IOC joint venture company, IOC GPS Renewables Private Limited, will establish biogas projects in Medak, Sangareddy, and Siddipet districts, with the biogas being supplied for city gas distribution to Torrent Gas. 

IOC will serve as the city gas distributor for projects in Karimnagar, Peddapalli, Rajanna Sircilla, and Jagtial, while Megha Gas will distribute for projects in Khammam, Suryapet, Nalgonda, Yadadri, Wanaparthy, and Mahabubnagar districts.

The BPCL-GPS Renewables Arya joint venture will supply biogas to Maharashtra Natural Gas Limited for city gas distribution in Kamareddy and Nizamabad. 

These CBG projects will utilise agro waste and napier grass, with anticipated annual consumption of approximately 750,000 metric tonnes of surplus paddy straw. 

The initiatives are expected to create around 3,000 direct jobs and result in annual greenhouse gas emissions reduction of approximately 1.724 million metric tonnes.

Both companies formalised their commitments by signing Memorandum of Understanding with the Telangana Renewable Energy Development Corporation Limited (TGREDCO) in the presence of Deputy Chief Minister Bhatti Vikramarka.

(KNN Bureau)