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AP govt cancels energy storage proposal

The new Andhra Pradesh government has decided to cancel the energy storage proposal for which its predecessor had invited expressions of interest. Mint has seen the minutes of a 19 June discussion by the Andhra Pradesh Power Coordination Committee when the decision was taken, along with the state government’s proposal to renegotiate existing power purchase agreements.In May, Mint had reported that the Andhra Pradesh government received five bids for building India’s largest energy storage project. The bidders included renewable energy firm Greenko and private power transmission company Sterlite Power. Out of the five bids, two were for pumped storage, a solution that stores and generates energy by moving water between two reservoirs of diff.....

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