NTPC plans 4000 MW thermal project at Anakapalle and the company has signed an MoU with the state government. The State Government gave its in-principle approval for the NTPC proposal in November 2010. and has identified land at Pudimadaka near Anakapalle and it will also assist the company in getting statutory clearances. According to the MoU, the state government will be allocated half of the 4,000 MW generated at the plant. The company expects to use sea water for the project as the project site is close to sea.
The project is likely to be taken up in XIIth plan. The feasibility study for the project is on.