MoUs for renewable energy projects to be signed at AP Partnership Summit

Projects worth Rs 1 lakh crore are touted to be signed at the three-day even tin Visakhapatnam

Andhra Pradesh government is all set to sign MoUs for projects worth of over Rs 1 lakh crore investments in renewable energy and infrastructure sectors on the opening day of the three-day CII Partnership Summit starting from Sunday at Visakhapatnam.

Over half of the potential investments out of this Rs 1 lakh crore come from projects in renewable energy sector, and this also incoude the NTPC's 1000 mw solar power park that was bid under the National Solar Mission, according to the officials.

These MoUs are slated to be signed in the presence of Union Energy Minister Piyush Goyal, who is expected to be present at the inaugural session along with other Central Ministers.Several private players including Jindal and Essel are signing the MoUs to set up renewable energy projects in the state. Andhra Pradesh chief minister N Chandrababu Naidu will inaugurate the summit.

In the infrastructure sector the government is signing MoU with Concor, Ministry of Railways, for setting up of Logistic Parks at Krishnapatnam and Kakinada. The government is also going to sign MoUs for a 5-million tonne capacity LNG Terminal proposed to be set up by Regen Infrastructure India at Krishnapatnam and for a City Gas distribution project covering three districts of East Godavari, West Godavari and Krishna proposed to be set up HPCL, according to the officials.

A large number of MoUs in manufacturing sector, ranging from wind turbine making to pharmaceuticals, including the establishment of private industrial parks, have been lined up for the second day of the summit while MoUs for projects in tourism sector will be signed on the third day. Union Finance Minister Arun Jaitley, Union Minister of State for Commerce and Industry Nirmala Sitharaman among other Central Ministers are also expected to attend the event.

Five plenary sessions are going to be held on different topics as part of the three-day event with the first session on 'Partnership for a shared and sustainable world economy' is slated to be held on the opening day. Sessions on 'Sunrise Andhra Pradesh; Turning aspirations into reality-Vision 2029' and 'Smart Urban Housing-Meeting felt needs and beyond:Preparing for Rapid Urbanisation' will be held on the second day. Last day will have two sessions on topics 'Make In India: Drafting India's Global Manufacturing Strategy' and on 'Driving Prosperity through Port-led Development'.