According to information received from industrial circles, an investment of ₹6,500 crore will be made and it is estimated that 4,000 people will get employment, both direct and indirect.
Published Jan 13, 2025 | 12:37 PM ⚊ Updated Jan 16, 2025 | 5:29 PM
Aerial view of a solar energy generation park. (iStock)
Reliance Power’s Anil Ambani is preparing to set up a solar panel manufacturing industry in the Anakapalli district of Andhra Pradesh.
Anil Ambani inspected lands in Sitapalem and Setametta villages of Rambilli mandal of the district. “Anil Ambani visited the area to set up a solar panel manufacturing industry,” said an official of the Andhra Pradesh Industrial Infrastructure Corporation (APIIC).
The APIIC had acquired 1500 acres of land in this area. It is said that Anil Ambani will use this land to set up the power company. Officials said that some more land would also be acquired if necessary. Along with this, Anil Ambani inspected the coastal area.
Reliance Power is preparing to set up a solar panel manufacturing unit on 1,800 acres in the Anakapalle district, confirmed unofficially by an official.
According to information received from industrial circles, an investment of ₹6,500 crore will be made and it is estimated that 4,000 people will get employment, both direct and indirect.
In 2010-2011, the Reliance (Anil Ambani) Power Project was set up in Samarlakota in Andhra Pradesh. This project was expected to be a 2,400 MW gas-based thermal power plant and intended to be India’s largest ‘clean green power project’.
The project was stalled due to financial difficulties. In 2018, a unit of the Reliance Power project was shifted to Bangladesh.
In December 2024, Reliance Power’s subsidiary Samarlakota Power Limited settled its debts. It settled a $15.48 million loan default with the Export-Import Bank of the United States.
Recently, Anil Ambani’s Reliance Enterprises partnered with Druk Holdings to develop a 500-megawatt solar power plant in Gelefu Mindfulness City in Bhutan.
The project will be implemented in two phases with a capacity of 250 MW power over the next two years.
With Anil Ambani investing in the solar panels industry in the Anakapalle district, it is said that efforts are being made to raise funds. Industry sources believe that an international company has also come forward as an investor.
(Edited by Muhammed Fazil.)
