The state-owned NHPC has signed a preliminary agreement with the Andhra Pradesh Power Generation Corporation to establish pumped storage hydropower and other renewable energy projects in the state.

In the first phase, the Memorandum of Understanding (MoU) envisages building of two pumped hydro storage projects having a total capacity of 1,950 MW, an official statement said.

These projects will be established at Kamalapadu (950 MW) and Yaganti (1,000 MW).

Once ready, these projects are expected to create significant employment opportunities and boost the local economy. The projects will be implemented as a joint venture.