SOURCE: Industrial Info Resources

July 14, 2008 06:00 ET

Andhra Pradesh Relies on "Red Hot" Krishnapatnam to Alleviate Power Crisis, an Industrial Info News Alert

BANGALORE, INDIA--(Marketwire - July 14, 2008) - India's southern state of Andhra Pradesh is facing an acute power shortage of 1,200 megawatts (MW) per day. Heavy rains in the state have caused disturbances in the grid, and power utilities have been unable to purchase electricity from neighboring regions to meet the state's requirements of 6,981 MW. In the face of increased demand for power in the state, Krishnapatnam, a remote and hitherto unknown area in the Nellore district of Andhra Pradesh, has become the focus of the state's industrial growth, with power majors making a beeline to set up projects in the area. With over $8.75 billion invested in six major thermal power projects in the region, Krishnapatnam is being touted by the government as the next "red hot zone" of the nation.

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