Telangana Secures Up to Rs 1 Lakh Cr In Green Energy Investments, Targets 20,000 MW By 2030: Deputy CM

ENA State 2025-03-18 17:41:14 Hyderabad, Mar 18 (KNN) Telangana has attracted investments ranging from Rs 80,000 crore to Rs 1 lakh crore in the green energy sector, with multiple companies already finalising agreements with the state government, according to Deputy Chief Minister Mallu Bhatti Vikramarka. Speaking during the legislative council's question hour, he presented details of the state's comprehensive Green Power Policy designed to deliver affordable and pollution-free energy to residents. Vikramarka highlighted that despite global advancements in energy technology, Telangana had lacked a dedicated policy in this sector for the past decade. The state has now established ambitious targets of generating 20,000 MW of green power by 2030, with plans to double that capacity to 40,000 MW by 2040. The Deputy Chief Minister outlined the state's diversified approach to green energy production, which includes solar, wind, green hydrogen, and other renewable sources. To facilitate investment and streamline processes, the government has implemented a single-window approval system for potential investors in the sector. The policy includes several incentives to attract investment, such as stamp duty reimbursement and simplified procedures for Non-Agricultural Lands Assessment Act (NALA) conversion. These measures are designed to reduce bureaucratic hurdles and accelerate project implementation. Addressing the growing power demand in the state, Vikramarka explained that the government is utilising vacant government-owned lands, including properties under the endowment and irrigation departments, for conventional solar installations and floating solar power projects. This approach aims to maximise land use efficiency while meeting increasing energy requirements. In a significant initiative to promote both renewable energy and women's economic empowerment, Vikramarka announced a 1,000 MW solar power program in collaboration with women's self-help groups (SHGs) and Genco. Under this initiative, the state government will lease vacant lands to women from SHGs, enabling them to establish themselves as industrialists in the renewable energy sector. The government has committed to purchasing all solar power generated through this program, creating a sustainable economic model for participants. (KNN Bureau) 41433 https://knnindia.co.in/news/newsdetails/state/telangana-secures-up-to-rs-1-lakh-cr-in-green-energy-investments-targets-20000-mw-by-2030-deputy-cm 2025-03-18 17:41:14 knnindia.co.in Telangana Secures Up to Rs 1 Lakh Cr In Green Energy Investments, Targets 20,000 MW By 2030: Deputy CM