Gautam Adani to invest Rs 65,000 crore in Rajasthan


New Delhi: Asian billionaire Gautam Adani on Friday said he will invest Rs 65,000 crore in Rajasthan over the next five to seven years to build a massive 10,000 MW solar power facility, expand a cement mill and modernize the Jaipur airport.

Adani’s Port-to-Energy group is investing in city gas infrastructure to sell CNG to cars and piped gas to homes and businesses, along with transmission lines for renewable energy.

Speaking at the Invest Rajasthan 2022 Summit, he said that the Adani company already has a huge presence in the state. It runs a thermal power plant, builds a solar park and supplies coal to the state’s power generation facilities.

Adani Group is investing Rs 50,000 crore to increase renewable energy generation capacity to 10,000 MW.

“It will be progressively operational over the next 5 years,” he said, adding that the group secured commercial operation of the world’s largest wind-solar hybrid power plant in Rajasthan just a week ago.

Also, after buying ACC and Ambuja Cements, it plans to quadruple its capacity for cement production.

“While we already have three cement plants and limestone mining assets, a significant part of our capacity expansion will continue to happen in Rajasthan. We are looking forward to invest another Rs 7,000 crore to double our cement manufacturing capacity in the state.

He said that the Jaipur airport, which will be expanded, is also operated by the group.

Additionally, Adani will build a network to distribute piped natural gas and compressed natural gas (CNG) to users in the industrial, commercial, transport and residential sectors. In addition, Adani will set up a new transmission system to transmit the generated renewable energy.

“Combining all ongoing and future investments, we expect to invest an additional Rs 65,000 crore in Rajasthan over the next 5 to 7 years and generate over 40,000 direct and indirect jobs,” he said.

The Adani Group, which began as a commodity trader in 1988, before rapidly diversifying into ports, airports, roads, power, renewable energy, transmission, gas distribution, real estate, FMCG, cement, data center and media industries was. One of the world’s biggest bets on the energy transition.

It aims to increase production capabilities for green hydrogen, a fuel that can power both factories and automobiles. It intends to split water using renewable energy to make green hydrogen.

Given its ability to produce solar and wind power at the lowest cost, Adani claimed the business is placing its bet on green hydrogen.

“I believe this opportunity to generate green hydrogen to turn Rajasthan’s desert into an ‘oasis of jobs enabling energy transition’ is an opportunity that no other state has.”

His organization has already earned over Rs 35,000 crore in the industrial areas of Rajasthan.

These investments were spread over a 1,320 MW Kawai power plant and a 1,500 MW solar park, with a capacity of 10,000 MW. Additionally, it spent Rs 20,000 crore in commissioning over 4,000 MW of renewable energy projects.

For over 4,300 MW of state thermal facilities, the Adani Group provides coal.

Additionally, it runs two factories that produce edible oils at Alwar and Bundi, as well as high voltage transmission lines, a dry port container terminal at Kishangarh and other facilities.

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