Adani Group to invest Rs.50,000 crore in Maharashtra over 10 years
The Maharashtra government has signed a MoU with Adani Enterprises Ltd (AEL) on Wednesday to set up a 1 GW hyperscale data center infrastructure with an investment of Rs.50,000 crore in 10 years, officials said.
The Adani Group also intends to make deemed distribution investments to power the proposed 1 GW hyperscale data center infrastructure.
The data center infrastructure, to be set up in key locations like Mumbai or Navi Mumbai and Pune, will be powered by renewable energy, and create 20,000 jobs. This would help enhance the green energy infrastructure of this state besides providing direct and indirect employment to 20,000 people.
The MoU was inked in the presence of Adani Group Founder & Chairman Gautam Adani and Chief Minister Eknath Shinde at the ongoing World Economic Forum, Davos.
Adani and Shinde met at the Maharashtra Pavilion set up in Davos and held discussions over infrastructure investment opportunities and further collaboration for the state.
Officials said that the Maharashtra government is keen to promote information technology-related infrastructure and services, and considers the proposed hyperscale data centre project to be economically and socially beneficial to the state.
Mumbai has rapidly transformed from having a minimal share of renewable energy to becoming a global leader in clean energy adoption in just a few years, and now the city’s renewable energy share surpasses that of major cities globally, company officials said.
Mega projects like this have facilitated Mumbai’s renewable energy journey and align well with its broader sustainability goals contributing to India’s broader renewable energy targets.
In 2023, Adani Electricity Mumbai Ltd (AEML) successfully satisfied up to 38 percent of Mumbai consumers’ electricity requirements from renewable sources, and the company is committed to achieving the target of 60 percent by 2027.
[With Inputs from IANS]
For all the latest updates, download PGurus App.
