'Hydrogen Valley' in Amaravati to focus on sustainability: CM
Addressing the 'Green Hydrogen Summit-2025' at a private college in the greenfield capital city, Naidu noted that two valleys are coming up in Amaravati -- 'Quantum Valley' and 'Hydrogen Valley'. "I am very happy. We are focusing on Hydrogen Valley starting from here (Amaravati). Two valleys are coming here. One is Quantum Valley for computing and technology (and) one is the green Hydrogen Valley to protect nature for sustainability. This is very important," said Naidu.
According to the CM, protecting nature and imbibing technology in that endeavour will lead to limitless development. He observed that there is a need for green energy, downstream industries and the total ecosystem.
Further, the TDP supremo highlighted that the southern state is aiming to contribute nearly 160 GW of green energy in the near future out of the national target of producing 500 GW by 2030 set by the Centre. He noted that the TDP-led NDA government announced policies for attracting Rs 10 lakh crore investment in green energy, which could lead to the generation of 7.5 lakh jobs.
Listing out some of the green energy goals set by Andhra Pradesh, he said it aims to achieve electrolyser manufacturing capacity of 3 GW, solar energy projects (78.5 GW), wind energy projects (35 GW), pumped storage projects (22 GW) and others. Naidu said the state is aiming to achieve a battery energy storage system of 25 GW per hour, ethanol (50 kilo litres per day) and set up 500 electric vehicle recharging stations and elaborated on other renewable energy projects. To attract investments, Naidu said Andhra Pradesh has extended the best incentives, including for manufacturing electrolysers and called on investors to inform the government if any other state has given better incentives to outdo them. Further, he highlighted that Andhra Pradesh has all the advantages for solar, wind and pumped energy. As water is important for pumped energy, he said the state is endowed with this advantage and emphasised that ports are crucial for exports. For every 50 km distance, Naidu said Andhra Pradesh will establish a port, among other goals.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
41 minutes ago
- Mint
Lenskart receives shareholder nod to raise ₹2,150 crore via IPO: Report
Lenskart IPO: Peyush Bansal-led Indian eyewear company Lenskart has received the approval of its shareholder to raise ₹ 2,150 crore through a fresh issue of shares, reported MoneyControl, citing people aware of the development. According to news report, the company filed its corporate action development with the Ministry of Corporate Affairs' (MCA) Registrar of Companies (RoC), as per the data accessed by TheKredible. The proposal to raise money via an IPO was reportedly given the green light at the company's annual general meeting on 26 July 2025, said the report, adding, the eyewear company is expected to file its draft red herring prospectus (DRHP) with the capital markets regulator, the Securities and Exchange Board of India (Sebi), in the upcoming days. The overall IPO size is expected to be around $1 billion or ₹ 8,500 crore, which includes a secondary offer-for-sale (OFS) component by the existing investors, the report added. Earlier this month, Mint reported that the eyewear company's founder, Peyush Bansal, is looking to buy a 1.5-2% stake in the eyewear retailer worth about $150 million from existing investors ahead of its planned IPO. Peyush is buying small stakes from a bunch of investors. This is being negotiated at around $7-8 billion valuation. Existing investors like TR Capital, Chiratae, Softbank and Kedaara Capital are expected to sell their stake as part of the deal. Over the years, the company has raised $1.08 billion in funding across 19 rounds, including its latest Series I round for $18.2 million on 21 July 2023. It has received investments from various firms, including SoftBank Vision Fund, TPG, and Chiratae Ventures. Kotak Mahindra Capital, Axis Capital, Citi, Morgan Stanley, and Avendus Capital are the company-appointed book-runners for the IPO, which is soon expected to hit Dalal Street. The company was founded in 2010, and since then, it has emerged as one of the biggest players in the Indian eyewear industry. It has 2500 retail outlets across the nation and a presence globally, such as in Singapore and the United Arab Emirates (UAE).
United News of India
42 minutes ago
- United News of India
Negi accuses BJP of insulting national flag
Shimla, Jul 27(UNI) Himachal Pradesh Revenue Minister Jagat Singh Negi has strongly criticized BJP leaders and a few local businessmen in Thunag for allegedly insulting the national flag during a protest against the government's decision to shift the Horticulture College from Thunag to a safer location. Negi defended the Congress government's move to relocate the college, citing the recent flash floods and the risk to students' lives. "It is wrong to run a college in a disaster-prone area just to protect business interests of a few people," he said, adding that students living in rented homes in Thunag had themselves requested relocation due to repeated disasters in 2023 and 2024. The Minister said that BJP workers and a handful of shopkeepers tried to block the state government's decision and even created a scene during his visit to the area. 'They surrounded my vehicle, threw black cloths and a slipper-like object at it, and disrespected the tricolour mounted on the car,' he alleged. 'This act amounts to treason,' he added. Negi also questioned the BJP's silence over the incomplete infrastructure of the college. "Out of the total Rs 270 crore sanctioned, only Rs 10 crore was spent when BJP was in power," he claimed. He said Chief Minister Sukhvinder Singh Sukhu is personally monitoring the situation and relief work is going on without any resistance from the common people. 'Only some BJP leaders and businessmen are trying to politicize the issue,' Negi said. Negi further targeted BJP leader Dr. Rajeev Bindal, saying, 'The real shameful act is the insult of the national flag, not the relocation of the college meant to save lives.' The college was shifted after discussions with the university, as there was no suitable vacant land in the Saraj area, the Minister clarified. UNI ML RKM
Time of India
43 minutes ago
- Time of India
Abhishek to head to Delhi as TMC intensifies SIR stir
Kolkata: national general secretary is expected to reach Delhi this week as the party intensifies its stir in Parliament, demanding an assurance from the Centre "on the floor of the House" that the special intensive revision (SIR) in Bihar will be discussed. Tired of too many ads? go ad free now Trinamool Congress has been consistently opposing SIR, questioning Election Commission's powers to conduct citizenship checks and disenfranchise voters. The party has said SIR requirements mirror Section 3 of the Citizenship Act, 1955, which makes the exercise "NRC in disguise." Over the last week, the party has been hamstrung by the absence of its floor leaders in Lok Sabha. Trinamool's leader in Lok Sabha Sudip Bandyopadhyay and senior MP Saugata Roy are not in Delhi due to health reasons. The party's chief whip in Lok Sabha, Kalyan Banerjee, is representing Bengal govt in cases and shuttling between Supreme Court and Calcutta High Court. On Friday, the party's deputy Lok Sabha leader Kakoli Ghosh Dastidar attended the all-party meeting convened by Speaker Om Birla. Banerjee is likely to remain in Delhi and work on party strategy. The Diamond Harbour MP, who was part of Centre's outreach abroad after Pahalgam attack, is also likely to be a keynote speaker if Operation Sindoor discussions take place in Parliament. A senior MP said: "Trinamool is not opposed to discussions on Operation Sindoor. In fact, we want some answers. But this cannot be at the expense of SIR. Here we are talking of mass disenfranchisement of people who had voted in the 2024 Lok Sabha, based on arbitrary reasoning. We want a clear assurance from the Centre on the floor of the house that SIR will be discussed threadbare in Parliament."
