Muku in Jagan's Andhra Pradesh!!
Reliance Chairman mukesh ambani made a key announcement at the Global Investor Conference in Visakhapatnam. mukesh ambani announced that they will invest in the construction of a 10 GW solar power project as part of renewable energy production in the state of Andhra Pradesh.
Mukesh Ambani, a prominent business magnate, spoke at today's preparatory meeting for the Global Investors Summit in Visakhapatnam. On this occasion, he made key announcements about Reliance's investments in AP. In particular, andhra pradesh has the second longest coastline in India, and mukesh ambani expressed hope that the state will develop industrially in the future by using the minerals in the coastal areas. Meanwhile, reliance has already invested over Rs.1.50 lakh crore on its KG D-6 assets. These funds will be spent on programs such as developing gas pipelines.
Reliance to set up 10 GW solar power project in AP
Reliance is already planning to increase investments on a large scale in the field of renewable energy. As part of this, Chairman mukesh ambani announced today that reliance Industries will invest in the construction of a 10 gigawatt solar power project in Andhra Pradesh. He made this key announcement at the andhra pradesh Global Investors Summit 2023 held in Visakhapatnam.
"On behalf of reliance, we are continuing our investments in ap, and I am pleased to announce that we will invest in the construction of a 10 GW solar power project as part of renewable energy production in the state of andhra pradesh," said mukesh Ambani.
"Reliance was one of the first corporates to believe in the economic potential of andhra pradesh, where our oil and gas exploration team discovered gas in 2002. Ambani said that KG basin natural gas has also played a key role. Today, the natural gas produced by reliance in KG D-6 basin has helped to take steps towards clean energy in the country. About 30 percent of the country's gas production comes from KG basin, Ambani said.
'Due to the coast, the growth of the blue economy in the coming decades will open up new opportunities for Andhra Pradesh. andhra pradesh has the second longest coastline in India, undersea minerals, etc. resources will be key to AP's growth, said Ambani.
Ambani said that reliance Retail has partnered with more than 1.2 lakh grocers in 6,000 villages of andhra pradesh, thus, reliance Retail has created 20,000 direct jobs and a large number of indirect jobs as well. On this occasion, jio True 5g services will be available across the country, including andhra pradesh, by the end of 2023, he said.
