New Delhi: Gautam Adani, the second richest man of India who heads the Conglomerate, Infrastructure, and Energy based in Ahmedabad, on Tuesday, throws a challenge to the richest person in the country Mukesh Ambani by announcing a $ 20-billion renewable energy game by promising to produce “Green Electron” cheapest in the world.
At the current exchange rate, the investment amounts to RS 1,50.00 Crore and will be spent to build capacity for renewable energy generation and component manufacturing and transmission and distribution, Adani told the JP Morgan Indian investor summit.
Adani expenses are double the Ambani Foray Ambani that was recently announced for the Reliance Ltd industry, with a promise to produce green hydrogen – seen as future fuel – at a price of less than $ 1 per kg in a decade.
Adani also signaled into the green hydrogen room by saying “integrated value chain, scale, and experience” his group well placed it well to be “the cheapest green electron producer anywhere in the world”.
“Today, we have the largest solar player in the world when we contribute our projects that produce, are being built, and contracted.
We have done this in just two years and our renewable portfolio has reached the initial target of 25 Gigawatts (GW) four Next year..
This places us well on the track to become the largest renewable power plant company in the world in 2030, “said Adani.” Our actions clearly show that we put our money where our mouths: more than 75% of The capex planned to 2025 will be in green technology.
Today, from our EBITDA from the utility, 43% have already been from the green business.
“This group is the largest producer of private power in the country from Batu Batu Batu Bara and renewable sources and in Aggressive pursuing transition to cleaning energy.
The Group plans to multiply the capacity of the renewable generation for the next four years, the power of all renewable centers with renewable energy with renewable energy and rotate its ports to net-zero in 2025.
Regarding climate change, Adani also crashed into the advanced economy that criticized the pace Indian climate reform and pressing New Delhi to announce net-zero goals.
“Maybe the economy and industry from the West sitting on a few centuries carbon carbon carbon carbon.
One hundred years ago, climate reformists currently burn more than 800 million tons of coal – which is more of a coal than what is produced by India today.
From the time Pre-industry until now, India accounts for only 3% of additional carbon in the atmosphere and will ultimately consume less than 8% of all the remaining carbon budgets, “he said.” India accounts for only 3% of additional carbon in the atmosphere while supporting 17% From the world’s population in one of the fastest growing markets in the world.
Those who criticize our reluctance to directly adopt Western advice on climate change must be deeply considering the differences in the situation.
It is impractical to suggest alternatives that developing countries do not have, cannot used and unable, “he said.” In my country, more than a quarter of a billion households A and millions of small businesses that produce jobs depend on cheap availability with cheap producing electricity.
To turn off the resources without an economical alternative in the place will place hundreds of millions of people on track accelerated to darkness …
“he said.