Andhra Pradesh Set to Emerge as a Green Energy Leader: Chandrababu Naidu
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Synopsis
Andhra Pradesh is on the path to becoming a green energy and hydrogen hub, with investments of $115 billion aimed at generating significant green energy by 2030, as stated by Chief Minister N. Chandrababu Naidu during a global forum.
Key Takeaways
- $115 billion investment in energy sector.
- Target of 500 MW power and 500 million metric tonnes of green energy by 2030.
- Focus on green hydrogen and cost optimization.
- Collaboration with IMD Business School for leadership training.
- Emphasis on AI and technology for problem-solving.
Amaravati, Jan 21 (NationPress) Andhra Pradesh Chief Minister N. Chandrababu Naidu announced on Tuesday that initiatives are underway to convert the state into a green energy and green hydrogen powerhouse.
He noted that approximately $115 billion in investments have been secured in the energy sector, aiming to produce 500 MW of power and 500 million metric tonnes of green energy by 2030, which represents 30 percent of the national goal.
Naidu made these remarks during a special session focused on green industrialisation at the Confederation of Indian Industry (CII) event in Davos, coinciding with the second day of the World Economic Forum.
Detailing the 10 strategies being implemented as part of the Swarnandhra Vision-2047 framework, he said that Andhra Pradesh is positioning itself as a frontrunner in the fuel market and global green hydrogen sector by emphasizing cost efficiency and environmental sustainability.
"We are poised to export green energy products through robust ports like Kakinada," said Chandrababu. He expressed optimism that the Global Leadership Centre (GLC) in Amaravati will play a pivotal role in nurturing future leaders and announced a collaboration between the IMD Business School of Switzerland and the GLC to bolster leadership training.
The Chief Minister highlighted the importance of leveraging technological advancements such as Artificial Intelligence (AI) and real-time data to tackle intricate challenges and enhance daily living standards. He emphasized that the Speed of Doing Business is a cornerstone of his administration, assuring comprehensive support to industrialists and researchers to reduce power consumption expenses.
Naidu pointed out that the availability of human resources is a significant advantage for Andhra Pradesh, noting that numerous Indian entrepreneurs, especially from the state, are making significant contributions to the global economy.
Reflecting on Hyderabad's growth under his leadership two decades ago as the chief minister of united Andhra Pradesh, he claimed he has a proven track record of establishing a 'Group of Concept,' transforming Hyderabad into a city embodying this concept.
Naidu asserted that while several countries face political turmoil, India remains stable under the clear governance of Prime Minister Narendra Modi.
He highlighted India's current position as a leader in GDP growth, expressing confidence that this trend will continue. He remarked that the Bharat era will commence in 2028, as PM Modi is executing the Vikasitha Bharat-2047 initiative to elevate India to superpower status, commending him as a visionary leader steering a stable government.
