Adani Group, India’s energy giant, has committed the new investment worth INR 90+ billion ($1.39 billion) in the state at CII Partnership Summit 2018, held at APIIC Ground, Harbour Park, Vishakhapatnam, Andhra Pradesh from February 24-26, 2018.
Adani Group has announced it via Twitter on February 24, 2018.
The significant share of the investment will be used for the development of more than 1 GW of renewable energy. However, how much solar will be a part of it, that is not revealed.
Gautam Adani, Chairman, Adani Group, said, “Technology has the power to transform governance and reduce inequality. Andhra Pradesh is working towards this belief, deploying measures that contribute towards building a New India.”
Adani was one of the key speakers at the inaugural launch of CII Partnership Summit 2018. In his speech, he said, “Andhra Pradesh is well positioned to lead the growth in India.”