Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post

ABC’s Green Hydrogen Facility To Come Up In K’taka

- Advertisement -
  • The company signed an MoU with the state government at the Global Investors Meet ‘INVEST Karnataka 2022’ 
  • Rs 50,000 crores will be invested in the project, generating over 5,000 jobs over a decade

ABC Cleantech recently announced the signing of a Memorandum of Understanding (MoU) with the Government of Karnataka as a part of ‘INVEST Karnataka 2022’. As per the deal, ABC will set up a green hydrogen production unit of 0.2 million tons/annum and 1 million tons/annum of Green Ammonia integrated with 5 GW of Renewable Energy Projects. For this purpose, a sum of Rs. 50,000 crores has been earmarked by the company. This manufacturing facility is estimated to generate over 5,000 employment opportunities over the next 10 years. Karnataka CM, Shri Basavaraj Bommai was also present during the event.

Additional Chief Secretary with Karnataka Govt, Dr E. V. Ramana Reddy represented the State during the signing ceremony. He wished this venture all the success after remarking, “Karnataka had the pride of getting the largest Foreign Direct Investment (FDI) in India last year and it is also the number one state in the country for the ease of doing business. The purpose of ‘Invest Karnataka 2022’ is to continue attracting the best businesses to invest in our great state and partake of its many beneficial policies. It is clear today that renewable energy is the only way equitable development and environmental balance can be ensured which will help our state to create a safe and healthy world for future generations. By generating jobs and livelihoods, we hope to contribute in a more meaningful manner to the people of Karnataka.”

“We, along with our partners, are deeply honoured to be a part of the INVEST Karnataka 2022,” said Mr Ravi Kumar Reddy, Chairman & MD, ABC Cleantech. Representing the company at the event, Mr Reddy exuded confidence in the proposal by saying that it would help the country to move towards a net-zero carbon economy while at the same time contributing to the local economy. “The employment opportunities that this project would generate in the State of Karnataka, particularly where this project is proposed to be set up should be a boost for the state’s well-being as well.”

- Advertisement -

Mr Reddy concluded by saying, “I look forward to the opportunity of working with the government of Karnataka and thank the people and the administration for the trust and cooperation that has made this possible.”

As a part of the Hyderabad-based Axis Energy Group, ABC Cleantech Pvt Ltd is one of the leading renewable energy players in India. Axis Energy, in partnership with Brookfield, has set up a joint venture platform “ABC Renewables” for developing renewable energy projects. It recently commissioned a 445MWp solar power project in the State of Rajasthan.

‘INVEST Karnataka 2022’ is the state’s Global Investors Meet. It aims to attract prospective investors and set up a development plan for the next decade. The three-day programme, being held from 2nd to 4th November in Bengaluru would witness more than 80 speaker sessions.


 

- Advertisement -

Most Popular Articles

Honda Debuts Two Electric Motorcycles Concepts At EICMA 2024

0
The EV Urban Concept represents Honda's vision for urban transportation in the near future. At the EICMA show in Milan, Italy, Honda has taken a...

Xiaomi India President Muralikrishnan B Steps Down

0
After six years of leading the company, Xiaomi India President Muralikrishnan B resigns to pursue academic research. He will continue as an advisor as...

Sterling Tech-Mobility & Chinese Firm To Establish EV Component Factory

0
A Chinese and an Indian firm are collaborating to establish a Rs 40 crore factory in Bengaluru to produce components for electric vehicles. These...

Tesla’s Share Price Surges 15% Following Trump’s Win

0
Musk's main focus will probably be on loosening regulations for autonomous driving software, which he considers crucial for Tesla's success. This might involve urging...

Amara Raja To Invest More Than ₹1,000 Crore For Li-ion Biz In FY26

0
It is anticipated that the battery manufacturer will invest approximately Rs 1,200 crore in the lithium-ion battery sector this financial year. Amara Raja Energy &...

“Adoption Of IoT-Enabled SMT Machines Is Still In Early Phases” – Pradeep Tandon, Director...

0
While electronics are becoming smarter through the Internet of Things, is electronics manufacturing following suit? Pradeep Tandon, Director for India, Middle East, and SAARC...
Dr Yashodhan P. Gokhale, Vice President for Battery Technology, JSW Energy

Charge Forward: High-Voltage Batteries And MSMEs Can Fuel India’s EV Revolution

0
A nuanced explanation of low- and high-voltage EV batteries by Dr Gokhale, Vice President for Battery Technology at JSW Energy, illuminates their advancements and...
Sanjay Gupta, CDO & Global Head of Engineering, L&T Semiconductor Technologies

Can MSMEs Contribute And Profit From The Semicon Boom?

0
Semiconductor manufacturing often requires significant investment, typically feasible only for governments or large corporations. But are there opportunities for MSMEs as well? We spoke...
N.P. Ramesh, COO and Co-Founder, Orb Energy

“We Ensured Customers’ Monthly EMI Would Be Equal To Or Less Than Their Electricity...

0
In a conversation with Nitisha from EFY, N.P. Ramesh of Orb Energy outlines the early financing challenges customers faced. He explains how Orb Energy’s...

“Government Policy Should Equitably Address All Electric Vehicles: Extend Subsidies To Retrofits Or Remove...

0
Aryaman Raghuvanshi from EFY engages with Pramod Narendra, Head of Brand Management and Retail Network at Starya Mobility, to explore the overlooked potential of...

Wireless Light-Based Communication With Velmenni’s Technology

0
Velmenni is at the forefront of wireless communication innovation with its pioneering light-based technologies, Li-Fi and LC Link. Founded by Deepak Solanki in October 2014...

Harnessing AI Technology For Efficient Pest Management

0
AI-Genix, an agri-tech startup, is transforming pest management for farmers through advanced AI-enabled systems that precisely target harmful pests. In an industry where pesticides and...

One Charger To Charge All Your Devices

0
Now, there is no need to carry different chargers for different products. This Bhubaneswar startup has launched a universal 65W charger using GaN technology...

Karnataka Government Initiative Promises ₹5M To Tech Startups

0
Boosting innovation and entrepreneurship across the state’s vibrant ecosystem, Karnataka launched Elevate 2024 and KAN, offering grants up to ₹5 million for startups. On Tuesday,...

CastNX Tech Startup Secures ₹232M For Power Electronics Growth

0
Eyeing to boost R&D and produce 100,000 variable frequency drives by 2026, Indian power electronics startup CastNX has secured ₹232.2 million from Plutus Investments. CastNX...

Industry's Buzz

Honda Debuts Two Electric Motorcycles Concepts At EICMA 2024

0
The EV Urban Concept represents Honda's vision for urban transportation in the near future. At the EICMA show in Milan, Italy, Honda has taken a...

Xiaomi India President Muralikrishnan B Steps Down

0
After six years of leading the company, Xiaomi India President Muralikrishnan B resigns to pursue academic research. He will continue as an advisor as...

Sterling Tech-Mobility & Chinese Firm To Establish EV Component Factory

0
A Chinese and an Indian firm are collaborating to establish a Rs 40 crore factory in Bengaluru to produce components for electric vehicles. These...

Tesla’s Share Price Surges 15% Following Trump’s Win

0
Musk's main focus will probably be on loosening regulations for autonomous driving software, which he considers crucial for Tesla's success. This might involve urging...

Amara Raja To Invest More Than ₹1,000 Crore For Li-ion Biz In FY26

0
It is anticipated that the battery manufacturer will invest approximately Rs 1,200 crore in the lithium-ion battery sector this financial year. Amara Raja Energy &...

Learn From Leaders

“Adoption Of IoT-Enabled SMT Machines Is Still In Early Phases” – Pradeep Tandon, Director...

0
While electronics are becoming smarter through the Internet of Things, is electronics manufacturing following suit? Pradeep Tandon, Director for India, Middle East, and SAARC...
Dr Yashodhan P. Gokhale, Vice President for Battery Technology, JSW Energy

Charge Forward: High-Voltage Batteries And MSMEs Can Fuel India’s EV Revolution

0
A nuanced explanation of low- and high-voltage EV batteries by Dr Gokhale, Vice President for Battery Technology at JSW Energy, illuminates their advancements and...
Sanjay Gupta, CDO & Global Head of Engineering, L&T Semiconductor Technologies

Can MSMEs Contribute And Profit From The Semicon Boom?

0
Semiconductor manufacturing often requires significant investment, typically feasible only for governments or large corporations. But are there opportunities for MSMEs as well? We spoke...
N.P. Ramesh, COO and Co-Founder, Orb Energy

“We Ensured Customers’ Monthly EMI Would Be Equal To Or Less Than Their Electricity...

0
In a conversation with Nitisha from EFY, N.P. Ramesh of Orb Energy outlines the early financing challenges customers faced. He explains how Orb Energy’s...

“Government Policy Should Equitably Address All Electric Vehicles: Extend Subsidies To Retrofits Or Remove...

0
Aryaman Raghuvanshi from EFY engages with Pramod Narendra, Head of Brand Management and Retail Network at Starya Mobility, to explore the overlooked potential of...

Startups

Wireless Light-Based Communication With Velmenni’s Technology

0
Velmenni is at the forefront of wireless communication innovation with its pioneering light-based technologies, Li-Fi and LC Link. Founded by Deepak Solanki in October 2014...

Harnessing AI Technology For Efficient Pest Management

0
AI-Genix, an agri-tech startup, is transforming pest management for farmers through advanced AI-enabled systems that precisely target harmful pests. In an industry where pesticides and...

One Charger To Charge All Your Devices

0
Now, there is no need to carry different chargers for different products. This Bhubaneswar startup has launched a universal 65W charger using GaN technology...

Karnataka Government Initiative Promises ₹5M To Tech Startups

0
Boosting innovation and entrepreneurship across the state’s vibrant ecosystem, Karnataka launched Elevate 2024 and KAN, offering grants up to ₹5 million for startups. On Tuesday,...

CastNX Tech Startup Secures ₹232M For Power Electronics Growth

0
Eyeing to boost R&D and produce 100,000 variable frequency drives by 2026, Indian power electronics startup CastNX has secured ₹232.2 million from Plutus Investments. CastNX...