AP Signs MoU with RIL to invest Rs 65,000 cr for 500 CBG Plants

Current Context: On November 12, 2024, the Andhra Pradesh (AP) Government signed a Memorandum of Understanding (MoU) with Reliance Industries Limited (RIL) at the State Secretariat in Amaravati.

• The agreement involves an investment of Rs 65,000 crore to establish 500 Compressed Biogas (CBG) plants across the state.
• Aim:
• The primary aim of this initiative is to enhance the state's clean energy sector. 
• The project is expected to:
• Generate 2.5 lakh employment opportunities.
• Contribute significantly to the state's financial growth over the next 25 years.
• Importance:
• Environmental Impact: The establishment of CBG plants will help reduce carbon emissions by converting agricultural and other organic waste into biogas, a cleaner energy source.
• Economic Growth: The investment will boost the local economy by creating jobs and providing new business opportunities for local entrepreneurs.
• Energy Security: The production of biogas will contribute to energy security by providing a sustainable and renewable source of energy.

Question:

1 How much investment has Reliance Industries Limited (RIL) pledged for the establishment of CBG plants in Andhra Pradesh?

• A) ₹50,000 crore
• B) ₹65,000 crore
• C) ₹75,000 crore
• D) ₹80,000 crore

Answer: B) RIL committed ₹65,000 crore for the project, focusing on clean energy development and boosting economic growth in Andhra Pradesh.