The Adani Group has plans to invest $10 billion in US energy and infrastructure projects, aiming to create up to 15,000 jobs, Chairman Gautam Adani said in a social media post on November 13.
Adani congratulated President-elect Donald Trump on his victory, and underscored that the partnership between both nations are deepening, with the group looking at ‘leveraging its global expertise’ in projects in America that will ensure energy security and and resilient infrastructure.
“Congratulations to @realDonaldTrump. As the partnership between India and the United States deepens, the Adani Group is committed to leveraging its global expertise and invest $10 billion in US energy security and resilient infrastructure projects, aiming to create up to 15,000 jobs,” Gautam Adani said in a post on X.
US oil and gas industry group – The American Petroleum Institute (API) – has called on President-elect Trump to do away with several policies of President Biden which are said to threatening jobs and energy security. During his victory speech on November 5, President Trump reiterated the Republican Party’s stance on oil sector, summarising with the slogan, “Drill, baby, drill.” The United States produces more oil than any other country in the world, and Trump is promising to increase the production even further.
The Adani Group has plans to set up 10 GW of overseas hydroelectric projects over next few years, Reuters had recently reported citing people familiar with the development. The group is exploring hydroelectric projects in Nepal, Bhutan, Kenya, Tanzania, the Philippines, and Vietnam, said the report.
Adani Power is India’s largest private thermal power producer with an installed capacity of 15,250 MW, and Adani Green Energy has put out an aim for a renewable portfolio of 50 GW by 2030. The Adani group is also consolidating its market share in cement and construction businesses with acquisitions of Orient Cement and ITD Cementation in October.
The Adani Enterprises too has a tie up with US-based company EdgeConneX, a leading global data center operator, to build hyperscale data centers in India.