Andhra's global investor summit results in various deals in the energy sector
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The ‘Sunrise Andhra Pradesh Investment Meet’ held January 27-28 produced major investment pledges, particularly in the energy sector. Mytrah Energy said it has signed pacts for 2,000 megawatts (MW) of renewable power projects (half solar and half wind) worth $2 billion. Kakinada SEZ Ltd. signed Memoranda of Understanding (MoUs) worth $7 billion with firms interested in opening units at the Kakinada Special Enterprise Zone, including public sector utilities in the oil and gas sector.
