Reliance to invest in 10 gigawatts of renewable solar energy in Andhra: Mukesh Ambani

Director of Reliance Industries Limited (RIL) Mukesh Ambani said, "I would like to assure you that Reliance will continue to be an unflinching partner to the people and the Government of Andhra Pradesh in your state's all-around accelerated progress,"

Visakhapatnam: Reliance Industries will set up a 10 gigawatt renewable solar energy project in Andhra Pradesh, the group Chairman Mukesh Ambani said here on Friday.

Speaking at the Global Investors’ Summit 2023 here, he said that Andhra Pradesh, with its second longest coastline of 974 kms in the country, will witness the growth of the Blue Economy in the coming decades.

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Reliance was among the first corporates to believe in the stupendous economic potential of Andhra Pradesh. “It is here that our Oil & Gas Exploration team found gas in 2002. We have invested over Rs 1,50,000 crores in our KG-D6 assets, developing and supporting gas pipelines. Today the natural gas produced by Reliance in KG D-6 basin is fuelling the country’s clean energy transition and will contribute to nearly 30 percent of its gas production. This is just an example of how important Andhra is to the India story,” Mukesh Ambani said.

He also disclosed that Reliance Jio 4G network covers 98 per cent of Andhra Pradesh’s population, including those living in the remotest corners of the state. The rollout of Jio’s True 5G would be completed before the end of 2023 throughout India, he added.