Andhra Pradesh Power Generation Corporation

What Andhra Pradesh Power Generation Corporation does

Andhra Pradesh Power Generation Corporation Limited (APGENCO) is a state-owned power generation utility of the Government of Andhra Pradesh, incorporated on 29 December 1998 and commencing operations on 1 February 1999 following the unbundling of the erstwhile Andhra Pradesh State Electricity Board (APSEB). Under the AP Electricity Reforms Act 1998 and AP Reorganisation Act 2014, APGENCO functions as the state monopoly generator, with assets, liabilities, and employees apportioned between successor states after bifurcation. The corporation is registered under CIN U40109AP1998SGC109187 and operates under the regulatory oversight of APERC (Andhra Pradesh Electricity Regulatory Commission), with headquarters at Vidyut Soudha, Gunadala, Vijayawada.

The operational portfolio comprises 6,389 MW of installed capacity split across three generation streams: 4,210 MW of thermal capacity (coal-based) at Dr. Narla Tata Rao Thermal Power Station/NTTPS at Ibrahimpatnam (2,560 MW) and Dr. M V R Rayalaseema Thermal Power Project/RTPP at Kadapa (1,650 MW); 1,773.6 MW of hydro capacity across the Srisailam, Upper/Lower Sileru, Nagarjunasagar, and Machkund complexes; and 405.4 MW of solar capacity at Talaricheruvu (400 MW) and Gollagudem (5.426 MW). Combined with APPDCL's 2,400 MW Sri Damodaram Sanjeevaiah Thermal Power Station (SDSTPS) at Krishnapatnam, the total Government of AP capacity reaches 8,789 MW. APGENCO contributes approximately 40.43% of Andhra Pradesh's total energy requirement (FY 2023-24). Supporting technical infrastructure includes an SAP-based ERP (SHAKTHI), NABL-accredited Transformer Oil Testing and Energy Meter Calibration Laboratories (ISO/IEC 17025:2017), high-efficiency electrostatic precipitators, online flue gas monitoring, and a Category-I CEA-recognized Training Institute with multi-capacity power plant simulators. Certifications include ISO 9001:2015 (quality) and ISO 14001 (environmental management).

APGENCO operates under a regulated tariff framework set by APERC, supplying electricity to the state grid under long-term power purchase agreements with the four APDISCOMS (APSPDCL, APEPDCL, APCPDCL, plus APEPDCL) via APTRANSCO. The customer base is therefore concentrated entirely within the Andhra Pradesh state government system. Revenue is not publicly disclosed; financial parameters are determined through APERC's Multi-Year Tariff (MYT) order process, currently in the 5th Control Period (FY2024-25 to FY2028-29). The company maintains 5,001-10,000 employees across thermal stations, hydro complexes, solar plants, the training institute, and corporate offices. Recent strategic positions include environmental clearance for 2,300 MW of pumped storage projects (Kamalapadu 950 MW and Upper Sileru 1,350 MW) and ongoing tender activity for coal handling, ash handling, township infrastructure, and SDSTPS rehabilitation work.

Name

Andhra Pradesh Power Generation Corporation

Legal name

Andhra Pradesh Power Generation Corporation Limited

Website

https://apgenco.gov.in

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Andhra Pradesh Power Generation Corporation (APGENCO) is a state-owned power generation utility of the Government of Andhra Pradesh, operating 6,389 MW of thermal, hydro, and solar capacity that supplies approximately 40.43% of the state's electricity requirement to the state grid under APERC-regulated tariffs.

Ownership category

akta.pro rank

Headquarters

HQ city

Vijayawada

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Infrastructure, Technology or R&D, Personnel, Operations

Revenue model

1. Electricity Generation and Sale: APGENCO generates electricity from its thermal, hydro, and solar power plants and sells power to the state grid/discoms under regulated tariff framework through APERC

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

APGENCO generates electricity from thermal (coal-based, 4210 MW), hydroelectric (1773.6 MW), and solar (405.4 MW) power stations with a total installed capacity of 6389 MW. The corporation supplies bulk power to the Andhra Pradesh state grid under long-term power purchase agreements with state distribution companies (APDISCOMS) under a regulated tariff framework governed by APERC. It also operates a CEA Category-I recognized Training Institute and NABL accredited testing laboratories for the power sector.

Product overview

APGENCO operates as a power generation utility producing electricity through three primary generation sources: thermal (coal-based at Dr.NTTPS and RTPP, totaling 4210MW), hydro (11 hydroelectric facilities including Srisailam, Upper/Lower Sileru, and canal-based plants, totaling 1773.6MW), and solar (405.4MW from Talaricheruvu and Gollagudem plants). The company provides power generation, operations and maintenance of generation assets, and workforce development through its CEA-recognized Training Institute. An internal SAP-based ERP system (SHAKTHI) manages corporate operations. APGENCO's total installed capacity is 6389.0 MW, contributing approximately 40.43% of Andhra Pradesh's total energy requirement.

Differentiator

Problem solved

Functional benefit

Products and services

• Dr Narla Tata Rao Thermal Power Station (NTTPS) Coal-based thermal power station at Ibrahimpatnam with combined capacity of 2560 MW across stages I-V (6x210MW + 1x500MW + 1x800MW), generating electricity for the Andhra Pradesh state grid.
• Dr M V R Rayalaseema Thermal Power Project (RTPP) Coal-based thermal power station at V V Reddy Nagar, Kadapa with combined capacity of 1650 MW across stages I-IV (5x210MW + 1x600MW), generating electricity for the Andhra Pradesh state grid.
• Srisailam Right Bank Power House Hydroelectric power station with 7x110MW Francis turbine units (770MW total) located at Srisailam Dam on the Krishna River, supplying hydroelectric power to the state grid.
• Lower Sileru Power House Hydroelectric project with 4x115MW capacity (460MW total) in East Godavari District, with expansion planned to 690MW.
• Upper Sileru Hydro Electric Scheme Hydroelectric scheme with 4x60MW capacity (240MW total) utilizing Guntawada Reservoir in the Upper Sileru region.
• Nagarjunasagar Right Canal Power House Canal-based hydro power house with 3x30MW Kaplan turbine units (90MW total) utilizing Nagarjuna Sagar reservoir releases.
• Talaricheruvu Solar Plant 400MWp solar photovoltaic plant at Anantapuram District consisting of 4x100MW blocks, generating solar power for the Andhra Pradesh state grid.
• Gollagudem Solar PV Plant 5.426 MWp canal-top solar installation at Polavaram Right Main Canal bund in West Godavari District, generating solar power for the state grid.
• Power Sector Training Institute Services Category-I CEA recognized training facility at Dr.NTTPS campus in Ibrahimpatnam offering operator training simulators for 210MW, 500MW, 600MW, and 800MW power plants, technical courses, and professional development programs for power sector personnel.

Quantifiable outcome

• APGENCO achieved 89.7% average PLF during 2004-05, highest in the country among comparable utilities
• +2 more outcomes

Named customers2 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Eleven partnerships are on record, tiered core, major and minor.

• APPDCL (Andhra Pradesh Power Development Corporation Limited)coreStrategic or Co-development PartnerAPPDCL operates the 3x800 MW Sri Damodaram Sanjeevaiah Thermal Power Station (SDSTPS) at Krishnapatnam, Nellore with 2400 MW capacity. Combined with APGENCO, total installed capacity under Government of AP reaches 8789 MW.
• APTRANSCO (Transmission Corporation of Andhra Pradesh Limited)coreOthersState transmission corporation responsible for power transmission network. APGENCO supplies bulk power to the transmission grid managed by APTRANSCO for further distribution through DISCOMS.
• APSPDCL (Andhra Pradesh Southern Power Distribution Company Limited)coreOthersState power distribution company purchasing electricity from APGENCO for distribution in southern Andhra Pradesh districts.
• APEPDCL (Eastern Power Distribution Company Limited)coreOthersState power distribution company purchasing electricity from APGENCO for distribution in eastern Andhra Pradesh districts.
• APCPDCL (Central Power Distribution Company Limited)coreOthersState power distribution company purchasing electricity from APGENCO for distribution in central Andhra Pradesh districts.
• APERC (Andhra Pradesh Electricity Regulatory Commission)coreOthersStatutory regulatory body for electricity sector in Andhra Pradesh that determines tariff, issues licenses, and regulates power generation and distribution activities.
• CEA (Central Electricity Authority)coreOthersGovernment of India statutory body responsible for technical standardization and recognition of training institutions. CEA has recognized APGENCO Training Institute as Category-I.
• NABL (National Accreditation Board for Testing and Calibration Laboratories)coreOthersNational accreditation body that has accredited APGENCO's Transformer Oil Testing Laboratory and Energy Meter Calibration Laboratory under ISO/IEC 17025:2017 standard.
• BHEL (Bharat Heavy Electricals Limited)majorTechnology or IntegrationMajor equipment supplier for thermal and hydro power generation equipment including turbines, generators, and transformers installed across APGENCO power stations.
• TANGEDCO (Tamil Nadu Generation and Distribution Corporation)minorOthersNeighboring state power utility with simulator training collaboration with APGENCO.
• TSGENCO (Telangana State Power Generation Corporation)minorOthersNeighboring state power generation corporation listed as related link for regional industry reference.

Scale indicators8 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• NHPC Limited: India's national hydroelectric power corporation, listed as a related industry link by APGENCO. Overlaps with APGENCO's hydro generation segment and serves as a federal-level counterpart in renewable/pumped storage development.
• NTPC Limited: India's largest power generation company (federal PSU) with ~75 GW capacity across thermal, hydro, solar, and nuclear. Directly comparable diversified generation portfolio and serves as the national benchmark for state GENCOS like APGENCO.

Others

• Bharat Heavy Electricals Limited (BHEL): Major equipment supplier (turbines, generators, transformers) for APGENCO's thermal and hydro plants. While not a peer in power generation, BHEL is a key technology partner and ecosystem participant in the Indian power sector value chain.

Direct peers

• Karnataka Power Corporation Limited (KPCL): Karnataka state-owned power generation corporation with thermal, hydro, and renewable assets. Operates under similar statutory framework serving state DISCOMs under state regulatory commission oversight.
• Telangana State Power Generation Corporation (TSGENCO): Telangana state power generation corporation that was carved out from the original combined AP power utility following the 2014 state reorganization. Operates a similar thermal/hydro mix and serves as the most direct structural peer given shared historical origins.
• Maharashtra State Power Generation Company (MAHAGENCO): Maharashtra state power generation company with diversified thermal, hydro, and gas-based generation capacity serving the state's distribution companies. Comparable in scale and structural role as a state-owned generator.
• Tamil Nadu Generation and Distribution Corporation (TANGEDCO): Tamil Nadu state-owned power utility with comparable thermal and hydro generation assets. Listed as a peer partner for simulator training collaboration with APGENCO, indicating operational similarity in plant types and scale.
• Gujarat State Electricity Corporation Limited (GSECL): Gujarat state power generation utility operating thermal and renewable plants. Comparable state-owned generator with diversified portfolio serving state distribution obligations.
• Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL): Uttar Pradesh state-owned power generator operating thermal plants across multiple locations. Comparable large-scale state GENCOS serving one of India's largest power-consuming states.
• Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL): Rajasthan state power generation company with significant thermal and renewable capacity. Serves as a comparable state-owned GENCOS with diversified generation mix and state DISCOM offtake structure.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/apgenco2014

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Andhra Pradesh Power Generation Corporation