The Andhra Pradesh State Investment Promotion Board (SIPB) chaired by Chief Minister Jaganmohan Reddy gave its nod for setting up a 3,700 MW pumped storage project undertaken by Adani Green Energy at an investment of Rs 15,376 crore. The Adani Green Energy project will be developed in four phases, where the first phase will be taken up in 2022-23 at a cost of Rs 1,349 crore,