At Davos, Naidu vows to transform Andhra into green energy hub

Says investments to the tune of $115 billion have been attracted in the energy sector to generate 500 MW power and 500 million tonnes of green energy by 2030

Amaravati: Andhra Pradesh Chief Minister N Chandrababu Naidu on Tuesday said that efforts are on to transform the State into a green energy and green hydrogen hub.

He said investments to the tune of $115 billion have been attracted in the energy sector to generate 500 MW power and 500 million tonnes of green energy by 2030 which is 30 per cent of the national target.

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He was speaking on green industrialisation during a special session of the Confederation of Indian Industry (CII) at Davos on the second day of the World Economic Forum.

Explaining the 10 formulas being implemented in the state as part of the Swarnandhra Vision-2047 roadmap, the Chief Minister said that Andhra Pradesh is being promoted as a leader in the fuel market and global green hydrogen by focussing on cost optimisation and environmental balance. “We are ready to export green energy products through strong ports like Kakinada,” Chandrababu said.

The Chief Minister exuded confidence that the Global Leadership Centre (GLC) in Amaravati will certainly help to prepare future leaders and announced that the IMD Business School of Switzerland and the GLC entered into an understanding to enhance leadership development. The Chief Minister also stressed the need to utilise technological knowledge like Artificial Intelligence (AI) and real-time data to resolve complex issues and to improve daily lifestyle.

Stating that Speed of Doing Business is the policy of his Government, he assured full support to industrialists and those who regularly go for research to bring down the power consumption costs. The Chief Minister said that the availability of human resources is the major advantage for Andhra Pradesh and mentioned that several Indian industrialists, particularly from Andhra Pradesh, are contributing to the global economy.

Claiming that Hyderabad developed a lot with the reforms that he had introduced two decades ago as the Chief Minister of then united Andhra Pradesh, Naidu said that he has a track record of creating a ‘Group of Concept’ and now Hyderabad too has turned into a city of this ‘Group of Concept’.