Hero Future Energies (HFE) has signed a memorandum of understanding (MoU) with the Andhra Pradesh government to develop 4 GW of renewable energy capacity across Ananthapuramu, Kurnool, and Kadapa districts.
The proposed investment amounts to Rs 300 billion and will be implemented in two phases. The agreement was formalised at the Andhra Pradesh government and Confederation of Indian Industry Partnership Summit in Visakhapatnam.