While industry giants Adani Group, Reliance Industries, ABC Ltd, Renew Power, and JSW Group announced sizable investments in the state, state-run power company NTPC inked three memorandums of understanding (MoU) for projects totaling Rs 2.35 trillion. Another MoU worth Rs 1.15 trillion is scheduled to be signed on Saturday, bringing the total to Rs 13 trillion.
Source:- Sakshi Port
The state’s energy division received up to 35 investment offers totaling Rs. 8.25 trillion, with the potential to create 133,000 jobs. u201c With While decarbonization is a worldwide priority, we also place a strong emphasis on renewable energy, according to chief minister Y S Jagan Mohan Reddy’s speech at the summit.
According to a top NTPC executive, the company is investing in the creation of a hydrogen environment park at Pudimadaka, a 2.6 Gw pump storage power plant, and a 20 Gw capacity for renewable energy.
Source: CNBC-TV 18
…the state has received 340 investment offers worth a total of nearly Rs 13 trillion, with the potential to hire up to 600,000 individuals across 20 industries. We will execute 92 MoUs totaling Rs 11 trillion as of today; the remaining ones will be executed tomorrow, according to Reddy.
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