APGENCO plans 1600 MW Vadarevu (Kanuparthy) stage I thermal project in Vadarevu in Prakasam district of Andhra Pradesh. The company has obtained state government approval and signed an MoU with Power Finance Corp for funding. The draft DPR and tender specifications are ready. The project cost is estimated at Rs. 85,070 million will have a debt equity ratio of 80:20. The project is yet to get statutory environmental clearance and fuel linkage. Tata Consulting Engineers have been appointed as consultant for the project. The project is likely to be ramped to 5x800 MW as a ultra mega power project with the project cost estimated at Rs. 1,98,040 million.
The project is in planning stage.