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Adani Group to invest Rs 50,000 crore for 1 GW data centre in Maharashtra

Adani Enterprises Limited, the flagship company of the Adani Group, on January 17 signed a memorandum of understanding (MoU) with the Maharashtra government to set up 1 GW hyperscale data centre infrastructure in the state at an investment of Rs 50,000 crore over the next 10 years.

The MoU was signed in the presence of Maharashtra Chief Minister Eknath Shinde and Adani Group Chairman Gautam Adani at the World Economic Forum 2024 at Davos.

The data centre infrastructure, which will be set up in key locations such as Mumbai and Pune, will be powered by renewable energy. This is expected to enhance the green energy infrastructure in Maharashtra and provide direct and indirect employment to 20,000 people, according to a press release from the Adani Group.

The Adani Group also intends to make deemed distribution investments to power the proposed 1 GW hyperscale data centre infrastructure, the company.

“The Maharashtra government is keen on promoting information technology related infrastructure and services and considers the proposed hyperscale project to be economically and socially beneficial to the state,” the release added.

Notably, Mumbai’s renewable energy share surpasses that of major global cities at present. In 2023, Adani Electricity Mumbai Limited [AEML] met up to 38 percent of Mumbai consumers’ electricity requirements from renewable sources, and aims to nearly double this number to 60 percent by 2027. PTI

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