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Andhra Pradesh (AP) Signs MoU with RIL to Invest Rs 65,000 Crore in 500 CBG Plants.

MOUs and Agreement | Dated: 21 Nov 2024

The Government of Andhra Pradesh (AP) has signed a Memorandum of Understanding (MoU) with Mumbai (Maharashtra)-based Reliance Industries Limited (RIL) to establish 500 compressed biogas (CBG) plants in the state over the next three years.

🎯 Key Highlights:

  • - This initiative involves an investment of approximately Rs 65,000 crore, with each plant costing Rs 130 crore.
  • - The MoU was signed in the presence of Andhra Pradesh (AP) Chief Minister (CM) N. Chandrababu Naidu, along with representatives of RIL and other state government officials, at the State Secretariat in Amaravati, AP.
  • - The project is expected to create approximately 2.5 lakh jobs, both directly and indirectly.

💡 Other Important Facts:

  • (i) The plants will be part of Reliance's national target of setting up 2,000 CBG units.
  • (ii) This initiative aligns with AP's Integrated Clean Energy (ICE) Policy - 2024, which aims to attract investments worth Rs 10 lakh crore.
  • (iii) According to GOBARdhan (Galvanising Organic Bio-Agro Resources Dhan) data, there are only 109 functional CBG/Bio CNG plants in India.

📚 Test Your Knowledge:

Recently, Andhra Pradesh signed an MoU with which company to invest Rs 65,000 crore in 500 CBG plants?

Correct Answer: Reliance Industries Limited (RIL)

🚀 Quick Recap:

About Andhra Pradesh (AP)

  • CM : N. Chandrababu Naidu
  • Governor : S. Abdul Nazeer