Reliance to invest $80.6 bn in Gujarat’s renewable projects
POWER & RENEWABLE ENERGY

Reliance to invest $80.6 bn in Gujarat’s renewable projects

Indian billionaire Mukesh Ambani’s conglomerate Reliance Industries declared that it would invest a whopping 6 trillion rupees (about $80.6 billion) to renewable energy projects in the western Indian state of Gujarat, where it expects to assist in generating a million new jobs.

Approximately $67.7 billion will go toward a new power facility and hydrogen system, the firm said in a stock exchange filing. Reliance aims to make the massive investment in a 10-to-15-year term and has already commenced exploring for land for the 100 GW capacity site.

The firm additionally plans to generate a new production hub that will be dedicated to fuel cell technology, generation of solar panels and other renewable energy sources. Reliance told the media that the firm's 1 million jobs projection comprises direct and indirect new opportunities in Gujarat.

Renewable energy is beginning to take off in India. Last year, new establishments of such projects were projected to double across the country, as against those from 2015 to 2020.

The trend comes at a crucial time. As of late last year, coal was estimated for nearly 70% of the nation's electricity generation.That put the world's second-most populous nation in a vulnerable place recently as it encountered the risks of a coal crisis last October, with stocks of the commodity at most Indian power facilities falling to critically low levels.

Image Source

Also read: 76 MW projects of 90 MW RE projects cleared: Telangana energy ...

Also read: UK to invest $1.2 bn in India for renewable energy projects

Indian billionaire Mukesh Ambani’s conglomerate Reliance Industries declared that it would invest a whopping 6 trillion rupees (about $80.6 billion) to renewable energy projects in the western Indian state of Gujarat, where it expects to assist in generating a million new jobs. Approximately $67.7 billion will go toward a new power facility and hydrogen system, the firm said in a stock exchange filing. Reliance aims to make the massive investment in a 10-to-15-year term and has already commenced exploring for land for the 100 GW capacity site. The firm additionally plans to generate a new production hub that will be dedicated to fuel cell technology, generation of solar panels and other renewable energy sources. Reliance told the media that the firm's 1 million jobs projection comprises direct and indirect new opportunities in Gujarat. Renewable energy is beginning to take off in India. Last year, new establishments of such projects were projected to double across the country, as against those from 2015 to 2020. The trend comes at a crucial time. As of late last year, coal was estimated for nearly 70% of the nation's electricity generation.That put the world's second-most populous nation in a vulnerable place recently as it encountered the risks of a coal crisis last October, with stocks of the commodity at most Indian power facilities falling to critically low levels. Image Source Also read: 76 MW projects of 90 MW RE projects cleared: Telangana energy ... Also read: UK to invest $1.2 bn in India for renewable energy projects

Next Story
Infrastructure Urban

Campal Stadium Project Delayed

The football stadium and parade ground project in Campal, Panaji, which was initiated under the smart city plan, has yet to be completed, even though it is over a year past its original deadline. The project started on March 21, 2022, and according to the initial work order, it was supposed to be finished by September 20, 2023. Imagine Panaji Smart City Development Ltd (IPSCDL) has reported that 98% of the work is complete, with the final 2% expected to be finished by March 2025. "A small area where the concrete batching plant is situated needs completion," they said. The project's total est..

Next Story
Infrastructure Urban

Cleanliness Control Centre to Monitor Work, Complaints 24X7

Jaipur's cleanliness management system is set to be more efficient with the Integrated Command and Control Centre now operating 24/7. On Friday, Arun Kumar Hasija, CEO of Jaipur Smart City Limited, issued orders to implement this change. Hasija explained that the centre will supervise door-to-door refuse collection, sanitation operations, and mechanized cleaning activities. Special attention is being given to night-time cleaning across the city, with advanced machinery being used to sanitize road dividers in areas like the Walled City. The centre will now operate round-the-clock to improve c..

Next Story
Infrastructure Urban

Rs 1 Bn Plan for Waste Disposal at Bandhwari Landfill

A Rs 1 billion plan for disposing of over 10 lakh tonnes of legacy waste at the Bandhwari Solid Waste Treatment Plant has been submitted to the Department of Urban Local Bodies (ULB) for approval. The proposal is expected to be approved in an upcoming purchase committee meeting led by Haryana Chief Minister Nayab Singh Saini, officials from the Municipal Corporation of Gurugram (MCG) said. This proposal follows the December 17 deadline set by the National Green Tribunal (NGT) for MCG to submit an update on waste disposal progress at Bandhwari. Earlier this year, MCG had assured the NGT in an a..

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