Reliance Industries Ltd will sign an agreement with the Andhra Pradesh government to develop an integrated coal gasification complex over 30 years, according to people familiar with the development.
The memorandum of understanding is expected to be signed between Reliance Industries and the Andhra Pradesh government later today, the people said, requesting anonymity.
The project will be developed in phases and is subject to regulatory approvals. The first phase will focus on exploration, seismic data acquisition, geological assessment, and pilot demonstration. The estimated investment for phase one is expected to be Rs 3,000 crore, the people said.
The second phase of the project will begin after the completion of Phase 1 and submission of a detailed project report. The Phase 2 investment is planned at around Rs 40,000 crore.
The overall potential investment could reach Rs 2.70 lakh crore over 30 years. The project is expected to generate 5,000 direct and 35,000 indirect jobs in the state.
The Andhra Pradesh Economic Development Board (APEDB) will act as the nodal facilitation agency, assisting Reliance Industries with inter-departmental coordination with the state government on access to land, water, and power, and liaising with central ministries.
Reliance Industries was awarded the Chintalpudi Sector A1 and Recherla coal blocks in the Eluru district by the Union coal ministry.
