Visakhapatnam, Nov. 13 -- The Government of Andhra Pradesh has signed a Memorandum of Understanding (MoU) with ABC Cleantech Pvt Ltd (Evren) and Axis Energy Ventures India Private Limited, to invest Rs 1,10,250 Crores in renewable energy projects across the state.
The MoU was signed by AP's State Nodal Agency, New & Renewable Energy Development Corporation of Andhra Pradesh Ltd (NREDCAP).
Evren is a 51%:49 % joint venture Company formed between Brookfield Renewables and Axis Energy respectively.
The MoU was signed between Dr. M. Kamalakara Babu, Vice Chairman and Managing Director of NREDCAP and Kataru Ravi Kumar Reddy, Chairman of ABC Cleantech Pvt Ltd (Evren) and S Sri Murali, Chief Executive Officer of Axis Energy, in the presence of ...