On Friday, the richest Asian, Gautam Adani, announced plans to invest Rs 65,000 crore in Rajasthan over the next five to seven years. This will be used to build a gigantic 10,000 MW solar power capacity, broaden a cement plant, & upgrade Jaipur Airport.
Adani’s ports-to-energy conglomerate is investing not only in transmission lines to deliver renewable power but also in city gas infrastructure for retailing CNG to automobiles as well as piped gas to households & industries.
The Adani Group, he remarked during the Invest Rajasthan 2022 Summit, is already very well established in the state. In addition to providing coal to the state’s power generating units, it also maintains the thermal power plant and also has established a solar park.
The Adani Group would spend Rs 50,000 crore in order to increase its renewable energy capacity by 10,000 MW.
“This will be commissioned progressively over the next 5 years,” he also said, moreover, the Group has just a week ago achieved commercial operation of the world’s biggest wind-solar hybrid power plant in Rajasthan. In addition, with the purchase of Ambuja Cements & ACC, it plans to increase its cement manufacturing capacity.
“While we already have three cement plants and limestone mining assets, a significant part of our capacity expansion will continue to happen in Rajasthan. We anticipate investing another Rs 7,000 crore to double our cement manufacturing capacity in the state,” he said. This Group is the operator of Jaipur airport that will get extended, he also said.
