In Andhra Pradesh, Reliance Industries Limited (RIL) intends to invest Rs. 65,000 crore in a Compressed Bio-Gas (CBG)-focused sustainable energy project. Beginning with a facility at Kanigiri, the project will establish 500 CBG plants. It seeks to generate 250,000 employment and 40 lakh tons of clean CBG and 1.1 million metric tonnes of organic fertilizer annually.
With its Compressed Bio-Gas (CBG) project in Andhra Pradesh, worth Rs. 65,000 crore, Reliance Industries Limited (RIL), the biggest private sector business in India, has made a substantial investment in sustainable energy. State IT & Electronics Minister Nara Lokesh lay the foundation stone for the first facility at Kanigiri, Prakasam district, on Wednesday. The program intends to establish 500 CBG facilities around the state.
It is anticipated that the massive project will produce 1.1 million metric tons of organic fertilizer and 40 lakh tonnes of pure CBG every year. Furthermore, by employing 500,000 acres of waste and unused land in the districts of Prakasam, Anantapur, Chittoor, and Kadapa, it will increase rural employment by generating 250,000 jobs.
RIL has set aside Rs. 139 crore for the first phase, which will use Napier grass and cutting-edge technologies to effectively produce biogas. The Rs. 65,000 crore investment would be spread over several units, demonstrating India's dedication to clean energy and the ideas of the circular economy.
In an exchange filing, Reliance Industries, "The project will result in significant livelihood opportunities for the rural economy through lease revenues to farmers and a fixed price for the grass grown by them."
