Dhirubhai Ambani Green Energy Giga Complex

Last updated

Dhirubhai Ambani Green Energy Giga Complex
Dhirubhai Ambani Green Energy Giga Complex
Built
  • First Phase: 2021–2024 (planned)
  • Second Phase: 2024–2026 (planned)
Location Jamnagar, India
Coordinates 22°22′37.02″N69°54′14.03″E / 22.3769500°N 69.9038972°E / 22.3769500; 69.9038972
Industry
Products
Area
  • Land: 7.8125 sq mi (20.234 km2; 5,000.0 acres)
Owner(s) Reliance Industries
Website www.ril.com/OurBusinesses/New-Energy.aspx

The Dhirubhai Ambani Green Energy Giga Complex (also known as Jamnagar Green Energy Giga Complex) [1] [2] [3] is a mega project being developed by Reliance Industries in Jamnagar, Gujarat, India. This is a fully integrated renewable energy manufacturing complex that will build gigafactories for photovoltaic panels, energy storage, green hydrogen, electrolyzers and fuel cells systems. [4] [5] The complex is being built on a 5,000 acres (20 km2; 7.8 sq mi) site and is expected to cost ₹75,000 crores (US$10 billion). [6] The first phase of the project, which includes the construction of a 20 GW solar photovoltaic module factory, is expected to be completed by 2023, 5 GWh annual cell to pack manufacturing facility by 2024, and further scale up to 50 GWh & 100 GWh annual capacity by 2027 & 2030. [7] [8] [9] [10]

Contents

In 2021, Mukesh Ambani announced as part of the annual company report that Reliance has begun construction on the Dhirubhai Ambani Green Energy Giga Complex. [11] [12]

See also

Related Research Articles

<span class="mw-page-title-main">Reliance Industries</span> Indian multinational conglomerate

Reliance Industries Limited is an Indian multinational conglomerate, headquartered in Mumbai. Its businesses include energy, petrochemicals, natural gas, retail, telecommunications, mass media, and textiles. Reliance is the largest public company in India by market capitalisation and revenue, and the 100th largest company worldwide. It is India's largest private tax payer and largest exporter, accounting for 7% of India's total merchandise exports. The company has relatively little free cash flow and high corporate debt.

<span class="mw-page-title-main">Dhirubhai Ambani</span> Indian business tycoon,visionary entrepreneur(1932–2002)

Dhirajlal Hirachand Ambani was an Indian businessman who founded Reliance Industries in 1958. Ambani took Reliance public in 1977. In 2016, he was honoured posthumously with the Padma Vibhushan, India's second-highest civilian honour for his contributions to trade and industry. Ambani faced numerous accusations of market manipulation, tax evasion, and cronyism.

<span class="mw-page-title-main">Mukesh Ambani</span> Indian billionaire (born 1957)

Mukesh Dhirubhai Ambani is an Indian billionaire businessman. He is currently the chairman and managing director of Reliance Industries, India's most valuable company by market value. With an estimated net worth of $92 billion as of December 2023, he is the richest person in Asia and 15th richest in the world. Sometimes characterized as a plutocrat; he has attracted both fame and notoriety for reports of market manipulation, political corruption, cronyism, and exploitation. Time magazine listed him as one of the 100 most influential people of 2019, under the "Titans" section.

<span class="mw-page-title-main">Anil Ambani</span> Chairman of Reliance Group

Anil Dhirubhai Ambani is an Indian businessman chairman and managing director of Reliance Group. The Reliance Group was created in July 2006 following a demerger from Reliance Industries Limited. He lead several stocks listed corporations including Reliance Capital, Reliance Infrastructure, Reliance Power and Reliance Communications.

<span class="mw-page-title-main">Jio-bp</span> Indian petroleum company

Jio-bp, or legally Reliance BP Mobility Limited, formally known as Reliance Petroleum is an Indian petroleum company that specializes in oil and energy, owned by Mukesh Ambani of Reliance Industries Limited (RIL), one of India's largest private sector companies. It is based in Ahmedabad, Gujarat, India and has interests in the downstream oil business. RPL was merged with Reliance Industries Limited on 29 September 2009.

Network18 Media & Investments Limited, commonly referred to as the Network18 Group and sometimes as the Network18–Eenadu Group, is an Indian media conglomerate owned by the energy giant Reliance Industries, headed by billionaire Mukesh Ambani. Rahul Joshi is the managing director, chief executive officer and group editor-in-chief of Network18, and Adil Zainulbhai is the chairman of its board of directors.

Reliance Group is an Indian conglomerate, headquartered in Mumbai, India. The company, which was formed after Dhirubhai Ambani's business was divided up, is headed by his younger son Anil Ambani. Reliance Group has five listed companies, Reliance Power, Reliance Infrastructure, Reliance Capital, Reliance Home Finance and Reliance Health. The group provides financial services, construction, entertainment, power, health care, manufacturing, defence, aviation, and transportation services.

<span class="mw-page-title-main">Solar power in India</span>

India's solar power installed capacity was 71.61 GWAC as of 31 August 2023.

Reliance Power Limited (R-Power), formerly Reliance Energy Generation Limited (REGL) is a part of the Reliance Group. It was established to develop, construct, operate and maintain power projects in the Indian and international markets. Reliance Infrastructure, an Indian private sector power utility company and the Reliance ADA Group promote Reliance Power. The present CEO of Reliance Power is K. Raja Gopal since 2 May 2018.

<span class="mw-page-title-main">Economy of Gujarat</span>

The economy of Gujarat, a state in Western India, has significant agricultural as well as industrial production within India. Major agricultural produce of the state includes cotton, groundnuts (peanuts), dates, sugar cane, milk and milk products. Gujarat recorded the lowest unemployment rate in India in 2015, with 1.2% of the labour force being unemployed.

<span class="mw-page-title-main">Nayara Energy</span> Indo-Russian oil company

Nayara Energy is an Indo-Russian oil Refining and Marketing company that owns and operates Vadinar refinery located at Vadinar, Gujarat, India with a capacity of 20MMTPA, making it the second largest in India.

<span class="mw-page-title-main">Reliance Retail</span> Indian retail company

Reliance Retail is an Indian retail company and a subsidiary of Reliance Industries. Founded in 2006, it is the largest retailer in India in terms of revenue. Its retail outlets offer foods, groceries, apparel, footwear, toys, home improvement products, electronic goods, and farm implements and inputs. As of 2023, it has over 245,000 employees at 18,000 store locations in 7,000 towns. Apart from physical stores, the company also sells products on its e-commerce channels.

The Dhirubhai Ambani Solar Park at Dhursar village near Pokhran in the Jaisalmer district of Rajasthan is a 40 megawatt (MWAC) photovoltaic power station, set up in 129 days and commissioned in 2012. It is one of a large number of solar parks expected to be built in a 35,000 km2 area of the Thar Desert that has been reserved for solar power projects. The solar park was named after the late Dhirubhai Ambani, the founder of Reliance Industries, and was constructed using 500,000 Cadmium telluride photovoltaics (CdTe) modules by First Solar, and covers an area of 350 acres.

<span class="mw-page-title-main">Madhya Pradesh Global Investors' Summit</span>

Global Investors Summit, officially the Invest Madhya Pradesh Global Investors Summit or GIS is a biennial business summit organized by Government of Madhya Pradesh in Indore, the commercial capital of central India to attract domestic and foreign investment for development of the state. Based on the theme– India's Growth Centre and aimed at bringing together business leaders, investors, corporations, thought leaders, policy and opinion makers; the summit serves as a perfect platform to understand and explore business opportunities in the State of Madhya Pradesh.

<i>The Polyester Prince</i> Biography of Dhirubhai Ambani written by Hamish McDonald

The Polyester Prince: The Rise of Dhirubhai Ambani is an unauthorised biography of the Indian business tycoon and founder of Reliance Industries Limited (RIL) Dhirubhai Ambani by Hamish McDonald, an Australian journalist and author. This book was published in 1998 in Australia by Allen & Unwin but never published in India.

<span class="mw-page-title-main">Reliance Foundation</span> Private non-profit organization by Reliance Industries Ltd

Reliance Foundation is an Indian non-profit organisation which was founded in 2010 by Mukesh Ambani. It is wholly owned by Reliance Industries Limited and is one of the largest non-profit foundations in the country.

<span class="mw-page-title-main">Jio</span> Indian telecommunications company

Reliance Jio Infocomm Limited, doing business as Jio, is an Indian telecommunications company and a subsidiary of Jio Platforms, headquartered in Navi Mumbai, Maharashtra, India. It operates a national LTE network with coverage across all 22 telecom circles. Jio offers 4G and 4G+ services all over India and 5G service in many cities. Its 6G service is in the works.

<span class="mw-page-title-main">Nita Ambani</span> Indian philanthropist

Nita Mukesh Ambani is an Indian philanthropist. She is the chairperson and founder of the Reliance Foundation, Dhirubhai Ambani International School and a director of Reliance Industries. She is married to Reliance Industries chairman and managing director Mukesh Ambani. With a family fortune estimated in excess of US$83.4 billion, the Ambanis are among the richest in the world. She is also an art collector and the owner of the Indian Premier League cricket team Mumbai Indians.

Panda Madhusudana Siva Prasad is an engineer by profession and is the present Executive Director of Reliance Industries. He is the senior most individual in the Reliance Industries day-to-day operations corporate organizational chart excluding Chairman Mukesh Ambani. PMS Prasad has also served as the Chief Executive Officer of Reliance Petroleum Limited.

Make in Odisha is an initiative launched by the Government of Odisha for industrial growth in the State. The major investors in the state are NTPC, MCL, SAIL, Tata Steel, TCS, Adani, JSPL, PPL, IOCL and many more. Over 80 companies investing and The state has received investment worth Rs 2,03,270 crore. Major investment sector are IT, fertiliser, petro chemicals, food processing, health, infrastructure, ESDM, metal and minerals, manufacturing, textiles and tourism. The Make in Odisha conclave happens bi-annually. There are two Make in Odisha conclaves completed with crores of investment proposals and the third edition will be held between 30 November to 4 December 2020.

References

  1. "Fortune India: Business News, Strategy, Finance and Corporate Insight". www.fortuneindia.com. Archived from the original on 24 August 2023. Retrieved 24 August 2023.
  2. "Dhirubhai Ambani Green Energy Giga Complex: Latest Articles, Videos and Photos of Dhirubhai Ambani Green Energy Giga Complex - Telegraph India". www.telegraphindia.com. Archived from the original on 24 August 2023. Retrieved 24 August 2023.
  3. "dhirubhai ambani green energy giga complex: Latest News & Videos, Photos about dhirubhai ambani green energy giga complex | The Economic Times - Page 1". The Economic Times. Archived from the original on 24 August 2023. Retrieved 24 August 2023.
  4. "The role of development co-operation in supporting increased coherence in climate change adaptation and disaster risk reduction", Climate Change Adaptation and Disaster Risk Reduction, OECD, 20 April 2020, doi:10.1787/989c6e1c-en, ISBN   978-92-64-41877-6, S2CID   241168287 , retrieved 14 October 2023
  5. "Reliance AGM: Gigafactory for power electronics and other announcements in new energy business". The Economic Times. 29 August 2022. ISSN   0013-0389. Archived from the original on 24 August 2023. Retrieved 24 August 2023.
  6. "Reliance Industries Ltd to invest Rs 75,000-crore in clean energy business in Jamnagar". The Times of India. 25 June 2021. ISSN   0971-8257. Archived from the original on 2 April 2023. Retrieved 24 August 2023.
  7. "Mukesh Ambani's Rs 75000 crore investment to see big return soon, giga factory to kick off in March". DNA India. Archived from the original on 24 August 2023. Retrieved 24 August 2023.
  8. www.ETEnergyworld.com. "Reliance aims at 100 GW renewable energy by 2030, bring hydrogen cost under $1: Mukesh Ambani - ET EnergyWorld". ETEnergyworld.com. Archived from the original on 24 August 2023. Retrieved 24 August 2023.
  9. Verma, Nidhi (28 August 2023). "Global clean energy shift won't hit Reliance's oil business- Ambani". Reuters. Retrieved 14 October 2023.
  10. "Massive green push: Reliance Industries to invest Rs 75,000 crore in 3 years". Financialexpress. 25 June 2021. Archived from the original on 24 August 2023. Retrieved 24 August 2023.
  11. "India's Billionaire Ambani Says Green Push to 'Outshine' Other Reliance Businesses". Bloomberg.com. 8 August 2022. Retrieved 14 October 2023.
  12. Shiradkar, Narendra; Arya, Rajeewa; Chaubal, Aditi; Deshmukh, Kedar; Ghosh, Probir; Kottantharayil, Anil; Kumar, Satyendra; Vasi, Juzer (May 2022). "Recent developments in solar manufacturing in India". Solar Compass. 1: 100009. doi: 10.1016/j.solcom.2022.100009 . ISSN   2772-9400. S2CID   248362276.