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 Transport

NHAI to Upgrade Tamil Nadu Highways

To reduce congestion on key national highways in Tamil Nadu, the National Highways Authority of India (NHAI) has planned capacity upgrades for at least eight highway stretches. The improvements will include bypasses, flyovers, and four-laning in Salem, Coimbatore, Tiruppur, Nilgiris, and Cuddalore. NHAI has invited tenders to appoint consultants for preparing detailed project reports (DPRs) on these expansions. The affected highways include NH-181, NH-81, NH-532, NH-85, and NH-136. Proposed Upgrades Across Highways - NH-181 (Coimbatore-Gundlupet Route): This stretch will see four bypasses an..

Next Story
Infrastructure Transport

Ludhiana-Bathinda Highway Revived as NHAI Invites Bids

The Ludhiana-Bathinda highway project, initially stalled due to land acquisition issues, has been revived as the National Highways Authority of India (NHAI) invites fresh bids to resume construction. The project, part of the Ludhiana-Ajmer Economic Corridor, is estimated to cost Rs 24.61 billion and will be executed in two phases. Package 1, covering 30.03 km, has a budget of Rs 9.06 billion, while Package 2, spanning 45.25 km, is set to cost Rs 15.55 billion. The NHAI had previously withdrawn the project due to unavailability of land. However, intervention from Union Minister for Road Trans..

Next Story
Infrastructure Urban

Dilip Buildcon Wins Rs 460M Arbitration

Infrastructure major Dilip Buildcon has secured an arbitration award of Rs 460 million against the National Highways Authority of India (NHAI) over delays and breaches during the execution of a highway project in Karnataka. The dispute pertains to the Rehabilitation and Upgradation of the Kerala Border to Kollegala Section of NH 212, awarded to Dilip Buildcon under an Engineering, Procurement, and Construction (EPC) agreement dated June 6, 2014. The project involved two-lane expansion with paved shoulders and four-lane development under the National Highways Development Project (NHDP) Phase IV..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?