The company has requested for 4.5 lakh acres of land in Kutch
Reliance Industries Limited (RIL) has made a Rs.5,955 lakh crore commitment as part of the Investment Promotion Activity for Vibrant Gujarat Summit 2022, including a Rs.5 lakh crore 100 GW Renewable Energy Power Plant and Green Hydrogen Eco-System development over 10-15 years.
Announcing an MoU with the Gujarat Government for the projects on 13 Jan 2022, RIL has pledged to make the State net zero and carbon free as part of the group’s initiatives for decarbonisation and creating a green ecosystem.
RIL will develop an eco-system for assisting Small and Medium Enterprises (SMEs) and encourage entrepreneurs to embrace new technologies and innovations leading to captive use of Renewable Energy and Green Hydrogen.
In consultation with the State Government, RIL has started the process of scouting land for 100 GW renewable energy power project in Kutch, Banaskantha and Dholera. The company has requested for 4.5 lakh acres of land in Kutch.
RIL will invest another Rs.60,000 crore in setting up New Energy Manufacturing-Integrated Renewable Manufacturing: 1) Solar PV Module (manufacture of Polysilicon, wafer, cell & module); 2) Electrolyzer; 3) Energy-storage Battery; 4) Fuel Cells.
Further Rs.25,000 crore investments will be made by RIL in existing projects and new ventures over next 3 to 5 years.
RIL has also proposed to invest Rs.7,500 crore over 3 to 5 years for Jio Network upgradation to 5G and another Rs.3,000 crore over 5 years in Reliance Retail. fiinews.com
