Clean Max Enviro Energy pledges Rs 50,000 crore investment in Andhra Pradesh
AgenciesAccording to a company statement, Clean Max has signed a Memorandum of Understanding with the Andhra Pradesh Economic Development Board (APEDB) in this regard.
Under the MoU, CleanMax proposes to invest nearly Rs 50,000 crore to develop integrated power generation facilities aggregating 3 GW of clean energy across wind and solar energy and 1 GW of pumped hydro facilities.
The power will be supplied to a compute factory being set up at Kurnool in collaboration with Neysa, with Clean Max responsible for the power infrastructure and supplies.
Kuldeep Jain, Founder and Managing Director, Clean Max Enviro Energy Solutions said: "Compute is becoming one of the largest new sources of power demand, and it needs clean energy that is available every hour of the day. In Andhra Pradesh, we are planning generation, storage and distribution integrated with the compute load they serve, rather than one after the other. Andhra Pradesh's clean energy policy framework and its strong wind and solar resources make it the right place to build this model at scale."