Adani Group plans Rs 60k cr green energy investment in AP
POWER & RENEWABLE ENERGY

Adani Group plans Rs 60k cr green energy investment in AP

Andhra Pradesh government fixed a big deal with Adani Group agreeing to invest Rs Rs 60,000 crore in green energy plants in the state.

The company has decided to set up a 10,000 MW solar power project and a 3,700 MW pumped hydro-solar project at around Rs 60,000 crore in these projects. The investment expects to generate about 10,000 employment opportunities.

The Adani Group has signed a Memorandum of Understanding (MoU) with the state government in the presence of Chief Minister Y S Jagan Mohan Reddy and the Chairman of Adani Group, Gautam Adani. Special chief secretary Karikal Valaven for the state government and Ashish Raj Vamsee from Adani Green Energy signed the MoU.

Minister of Industries, Gudivada Amarnath, said that it is a big initiative toward making AP a hub of green energy. The CM’s approach and presentation have made the company take the final call on this big project within 24 hours.

He said that this investment from Adani Group would be a game-changer for the state to attract more big-ticket projects.

Recently, CM laid the foundation stone for the world’s largest 5,230 MW integrated renewable energy storage power plant to generate power from hydel, wind and solar sources in the Kurnool district.

Image Source

Also read: Adani Group to invest $20 bn in RE generation for next 10 years

Andhra Pradesh government fixed a big deal with Adani Group agreeing to invest Rs Rs 60,000 crore in green energy plants in the state. The company has decided to set up a 10,000 MW solar power project and a 3,700 MW pumped hydro-solar project at around Rs 60,000 crore in these projects. The investment expects to generate about 10,000 employment opportunities. The Adani Group has signed a Memorandum of Understanding (MoU) with the state government in the presence of Chief Minister Y S Jagan Mohan Reddy and the Chairman of Adani Group, Gautam Adani. Special chief secretary Karikal Valaven for the state government and Ashish Raj Vamsee from Adani Green Energy signed the MoU. Minister of Industries, Gudivada Amarnath, said that it is a big initiative toward making AP a hub of green energy. The CM’s approach and presentation have made the company take the final call on this big project within 24 hours. He said that this investment from Adani Group would be a game-changer for the state to attract more big-ticket projects. Recently, CM laid the foundation stone for the world’s largest 5,230 MW integrated renewable energy storage power plant to generate power from hydel, wind and solar sources in the Kurnool district. Image Source Also read: Adani Group to invest $20 bn in RE generation for next 10 years

Next Story
Infrastructure Urban

BorgWarner extends transfer case business with North American OEM

BorgWarner, a global product leader in delivering innovative and sustainable mobility solutions, is furthering its business with a major North American OEM by securing extensions on two transfer case contracts for upcoming vehicle launches with new platform requirements. BorgWarner will supply two types of transfer cases, including its active Electro-Mechanical On-Demand 2-Speed (EMOD) and a part-time Electric Shift-on-the-Fly 2-Speed (ESOF) transfer case. Two of the OEM’s combustion and hybrid passenger truck platforms will be equipped with the EMOD and ESOF, while an additional passenger t..

Next Story
Infrastructure Transport

CII partners with Hunch Mobility for Urban Air Mobility Expo 2025

The Confederation of Indian Industry (CII) has announced its partnership with Hunch Mobility to host the upcoming Urban Air Mobility Expo 2025. This significant event aims to showcase advancements in urban air mobility, a rapidly evolving sector that promises to revolutionize urban transportation. Scheduled for 2025, the expo will serve as a platform for industry leaders, innovators, and policymakers to converge and discuss the future of air transport within urban environments. Key topics will include technological innovations, regulatory frameworks, and infrastructure development necessary f..

Next Story
Infrastructure Urban

HCL Tech opens first delivery centre in Kochi

HCL Technologies has officially inaugurated its first delivery centre in Kochi, marking a significant expansion in its operational footprint in India. This new facility aims to enhance the company’s capabilities in delivering a wide range of technology services to its clients. The Kochi delivery centre will focus on various areas, including software development, IT services, and digital solutions, contributing to HCL's commitment to driving innovation and improving service delivery. With this initiative, HCL Tech aims to tap into the region's growing pool of skilled talent, particularly in ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000