Centre to release Rs 3,300 crore loan to AP power sector

The Union government will release Rs 3,300 crore to AP power sector under Aatma Nirbhar loan. Union minister for energy RK Singh on Monday directed officials to release the amount to AP, as per an official statement.

The Centre has assured 30 per cent subsidy on 10,000 MW solar project for farmer’s free power. The assurance came during a meeting with AP energy secretary Srikant Nagulapalli, and APGENCO managing director G Sai Prasad in New Delhi.

The AP government has proposed the solar power project aimed at ensuring free power supply to agriculture sector for the next 30 years. The state government has recently invited tenders for the project. This is one of the major developments in the meeting with the Union minister.

When the AP officials explained the poor financial status of AP Discoms due to various reasons, the minister assured that the Union government would provide all support for easing excess financial burden on AP Discoms.

ET energy World
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