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New Generation Power to set up 315 MW in Andhra Pradesh

New Generation Power LLC, a U.S. clean energy developer, has signed contracts to build 315 megawatts of solar plants in India. The group expects to invest USD 400 million by the end of 2014 to complete installations at various sites across Andhra Pradesh state, Chicago-based New Generation said in a statement. The plants will sell power under 20-year contracts to the local utility. Mumbai-based Waaree Group and Hyderabad-based Premier Solar Group have been selected as contractors to design and build the plants, according to the statement.

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