NOVEMBER 20248ADANI PLEDGES $10B TO SUPPORT US ENERGY INDEPENDENCE VENTUREFEDERAL MINISTRY RECOMMENDS NUCLEAR REACTORS IN REGIONS LACKING COALon the timeline or particular projects were not disclosed, the investment marks a significant step in deepening the India-U.S. economic partnership.In a post on social media platform X, Adani said that the projects would create up to 15,000 jobs."Congratulations to Donald Trump. As the partnership between India and the United States deepens, the Adani Group is committed to leveraging its global expertise and invest $10 billion in US energy security and resilient infrastructure projects, aiming to create up to 15,000 jobs," posted Adani.In addition, Adani recently hosted European Union, Germany, Denmark, and Belgium diplomats, showcasing the Adani Group's renewable energy operations in Gujarat. The diplomats toured the Khavda Renewable Energy Park, which, once completed, will be the world's largest renewable energy park with a projected capacity of 30 GW, spanning a vast area larger than five times the size of Paris. They also visited Mundra, India's largest port and logistics hub.Adani highlighted the group's commitment to India's energy transition and its efforts to bolster the hydrogen ecosystem as part of its renewable energy strategy, reflecting the group's vision of a sustainable and balanced energy mix for the future. In the current fiscal year's budget, India proposed public-private partnerships to develop small nuclear reactors aimed at increasing carbon-free electricity production. This aligns with India's broader commitment to expanding clean energy capacity and reducing carbon emissions. The government has encouraged states to consider nuclear power plants at sites where coal-based thermal plants have reached end-of-life, according to a recent government statement.The federal power minister has urged states, especially those distant from coal resources, to explore nuclear power as an alternative for meeting rising electricity demand.India's nuclear expansion has been challenged by its strict nuclear liability laws, which have complicated negotiations with international power plant builders like General Electric and Westinghouse. Despite these hurdles, the government has set an ambitious goal to increase nuclear capacity from the current 8 GW to 20 GW by 2032.The power minister also recommended states list power utilities on stock exchanges to attract more investment in the sector, particularly to bolster the transmission network needed for renewable energy integration. India aims to achieve 500 GW of renewable capacity by 2030 as part of its commitment to net zero emissions by 2070. TOP STORIESAdani Group's President Gautam Adani announced a $10 billion investment in U.S. energy security and infrastructure projects. This ambitious investment is aimed at supporting U.S. energy independence and enhancing infrastructure resilience. While specific details
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