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Adani Green Energy and the Andhra Pradesh government have signed an MoU to establish two major green energy projects in the state.
Goutham Adani, who had initial talks with the chief Minister on Sunday, met again Monday to formalize the agreement.
Adani Group plans to invest approximately Rs.60,000 crore in setting up a 10,000 MW solar power plant and a 3,700 MW Hydro Storage project in Andhra Pradesh. This would create 10,000 jobs for the youth.
The Adani group signed an Memorandum of Understanding (MoU) with the state government in the presence of chief minister YS Jagan Mohan Reddy and Adani group chairman Goutham Adani. Special chief secretary (industries) Karikal Valaven from AP government and Ashish Raj Vamsee from Adani green energy group signed on the MoU.
This is a major step towards making AP a hub for green energy. “Chief Minister YS Jagan Mohan Reddy has been able to persuade Goutham Adani that he should invest in AP. Gudivada Amarnath, industries minister, stated that Adani group was able to make the final decision on such a large project in 24 hours thanks to his presentation and approach. Adani group’s investment proposal is going to change the state’s ability to attract big-ticket projects over the coming days, he said.