Andhra Pradesh Solar Power Corporation Private Limited (APSPCL) was incorporated on 26-11-2014 under the Companies Act, 2013 with the principal object of engaging in the business of developing solar parks in the State of Andhra Pradesh.
APSPCL is a Joint Venture Company between three government organisations namely Solar Energy Corporation of India (SECI), a Govt. of India Enterprise, Andhra Pradesh Power Generation Corporation Ltd (APGENCO), a Govt. of Andhra Pradesh Undertaking and New and Renewable Energy Development Corporation of Andhra Pradesh Ltd (NREDCAP), a State Govt. Company.
About Share Holders
Solar Energy Corporation of India (SECI) is a company incorporated under Section 25 of the Companies Act 1956 and having business interests in the development of Grid Connected and Off Grid Solar Power Projects; exchange, distribute and sale of solar power; solar thermal applications including steam generation for industrial process heating requirements, and promotion of research and development in Solar Sector in accordance with the policies and objectives laid down by the Government of India (GOI) under Jawaharlal Nehru National Solar Mission.
Andhra Pradesh Power Generation Corporation Limited (APGENCO) is one of the pivotal organizations of Andhra Pradesh, engaged in the business of Power generation. Apart from operation & Maintenance of the power plants, it has undertaken the execution of the ongoing & new power projects scheduled under capacity addition program and is taking up renovation & modernization works of the old power stations. APGENCO came into existence on 28.12.1998 and commenced operations from 01.02.1999.
New and Renewable Energy Development Corporation of Andhra Pradesh Limited (NREDCAP)was incorporated under clause (d) of section 15 of the Energy Conservation Act 2001 (Central Act No.52 of 2001). The Government of Andhra Pradesh designated NREDCAP as "The Designated Agency" to coordinate, regulate and enforce the provisions of the aforesaid Act, and also for implementation of the Schemes under the said Act within the State of Andhra Pradesh as per Go.Ms No. 145 Dated: 30-12-2002.