Hero Future Energies has signed a memorandum of understanding (MoU) with the government of Andhra Pradesh to develop 4 GW of renewable energy projects across Ananthapuramu, Kurnool, and Kadapa districts.
The MoU was announced during the AP Govt–Confederation of Indian Industry partnership summit in Visakhapatnam and entails a proposed investment of Rs 300 billion.
The renewable energy projects will be implemented in a phased manner by leveraging HFE’s capabilities in advanced energy technologies and project design.
As per the MoU, state agencies including the New and Renewable Energy Development Corporation of Andhra Pradesh and the AP Economic Development Board will support the project by expediting clearances and ensuring inter-departmental coordination.
