ReNew commits Rs 29,500 cr for pumped storage, green ammonia projects in Andhra

VISAKHAPATNAM: (Nov 12) Renewable energy company ReNew has made an in-principle commitment to invest Rs 29,500 crore in two clean energy projects in Andhra Pradesh.

The commitment was made during a meeting between Andhra Pradesh Minister for IT and Electronics Nara Lokesh and ReNew Chairman and CEO Sumant Sinha on the sidelines of the CII Partnership Summit here on Thursday.

“ReNew has committed to investing Rs 29,500 crore in Andhra Pradesh through two major projects — a 2 GW pumped storage facility and a green ammonia and e-fuel project,” a press release said.

Source: PTI News

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