The Adani Group has signed a Memorandum of Understanding (MoU) with the government of Andhra Pradesh on Monday at the World Economic Forum regarding an investment of Rs 60,000 crore by Adani Green Energy in the state.
The project is expected to provide employment opportunities to about 10,000 people directly and indirectly.
Adani Green Energy will set up a 3,700 MW Hydro Storage Plant and 10,000 MW solar energy project in Andhra Pradesh.
The MoU was signed in presence of Chief Minister Jagan Mohan Reddy and Adani Group Chairman Goutam Adani at the AP Pavilion, stated the official release.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.