RIL unveils Rs 60K cr green energy plan, to build 4 Giga factories

33

Mumbai, Jun. June 24 | As part of its vision for the company’s rapid transition to a new era of green, clean and renewable energy, the Chairman and Managing Director of Reliance Industries Limited (RIL), Mukesh Ambani, on Thursday unveiled the strategy and roadmap for its New Energy and New Materials business with an investment of Rs 60,000 crore over a period of three years.

During the 44th annual general meeting of RIL, Ambani said the investment would go into the setting up of four Giga factories that will manufacture and fully integrate all the critical components of the new energy ecosystem involving production of solar energy, storage of intermittent energy, production of green hydrogen and converting hydrogen into motive and stationary power.

Ambani said the company has started work on developing the Dhirubhai Ambani Green Energy Giga Complex over an area covering 5,000 acres in Jamnagar, Gujarat, which will be among the largest integrated renewable energy manufacturing facilities in the world.

“Jamnagar was the ‘cradle of our old energy business’. It will also be the ‘cradle of our new energy business’,” Ambani said at the AGM.

Reliance will establish and enable at least 100 GW of solar energy by 2030 with a significant part of this coming from rooftop solar and decentralised solar installations in villages, he said.

It will also set up an Advanced Energy Storage Giga Factory that will be used to produce large-scale grid batteries to store the energy that is created.

The third initiative of the company would be the setting up of an Electrolyser Giga Factory to manufacture modular electrolysers of highest efficiency and lowest capital cost. These can be used for captive production of green hydrogen for domestic use as well as for global sale.

The fourth initiative will be a Fuel Cell Giga Factory. A Fuel Cell uses oxygen from the air and hydrogen to generate electricity.

“In 2016, we had launched Jio with the aim of bridging the Digital Divide in India. Now in 2021, we are launching our New Energy business with the aim of bridging the green energy divide in India and globally,” Ambani said.

Source: IANS

Next Story

Military chopper crashes in TN Gen Bipin Rawat on board (2nd Ld)

Military chopper crashes in TN Gen Bipin Rawat on board (2nd Ld)

New Delhi, Dec 8 | Military chopper crashes in TN Gen Bipin Rawat on board (2nd Ld). A military chopper crashed in Tamil Nadu’s Coonoor on Wednesday in which Indian’s Chief of Defence Staff General Bipin Rawat was travelling along with others.

The number of casualties are still unknown and local police has ascertained only three rescued and searches are on for others.

Along with General Rawat, his wife Madhulika Rawat, Brigadier L.S. Lidder, Lieutenant Colonel Harjinder Singh, Naik Gursewak Singh, Naik Jitender Kumar, Naik Vivek Kumar, Naik B. Sai Teja, Havaldar Satpal and pilots were travelling in the chopper.

Confirming about General Rawat presence, Indian Air Force tweeted, “An IAF Mi-17V5 helicopter, with CDS Gen Bipin Rawat on board, met with an accident today near Coonoor, Tamil Nadu.”

 K’taka sets target of 30 lakh Covid vaccination for one day

The force said that an inquiry has been ordered to ascertain the cause of the accident.

The rescued suffered serious injuries and have been taken to Wellington cantonment.

Source: IANS

Next Story

Military chopper crashes in TN Gen Bipin Rawat on board (Ld)

Military chopper crashes in TN Gen Bipin Rawat on board (Ld)

New Delhi, Dec 8 | Military chopper crashes in TN Gen Bipin Rawat on board (Ld). A military chopper crashed in Tamil Nadu’s Coonoor on Wednesday in which Indian’s Chief of Defence Staff General Bipin Rawat was travelling along with 14 others.

The number of casualties are still unknown and local police have ascertained only three rescued and searches are on for others.

Emergency rescue teams have been rushed to the spot.

 Military chopper crashes in TN Gen Bipin Rawat on board (2nd Ld)

Confirming about General Rawat’s presence, Indian Air Force said, “An IAF Mi-17V5 helicopter, with CDS Gen Bipin Rawat on board, met with an accident today near Coonoor, Tamil Nadu.”

The force said that an inquiry has been ordered to ascertain the cause of the accident.

The rescued suffered serious injuries and have been taken to Wellington cantonment.

Source: IANS

LEAVE A REPLY

Please enter your comment!
Please enter your name here