India Invests $12 Billion in Rajasthan with Avaada

A $12 billion investment in Rajasthan aims to strengthen the state’s industrial and energy capacities, while boosting employment and economic attractiveness.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

The state of Rajasthan, located in northwestern India, is set to receive a strategic industrial investment of $12 billion. This funding, confirmed during the Rising Rajasthan 2024 summit, aims to bolster the region’s energy and industrial infrastructure, consolidating its position in national and international large-scale projects.

Structuring projects

The allocated funds are distributed across several key axes designed to optimize the state’s industrial and energy capacities:

– Energy storage systems: Development of 1,200 MW installations designed to stabilize energy supply and meet the needs of key industrial sectors.
– Integrated industrial hubs: Located in strategic regions such as Jhalawar, Kota, and Barmer, these hubs will provide modern infrastructure to attract production companies.
– Energy transformation projects: These initiatives include the construction of industrial complexes optimized to minimize operating costs and maximize local production capacities.

An ambitious economic vision

Rajasthan, endowed with abundant natural resources and a strategic geographic position, is becoming a prime hub for investors. With more than $78 billion in cumulative investments, the state benefits from an attractive policy supported by the Rajasthan Investment Promotion Scheme 2024. This framework encourages tax exemptions and financial incentives for companies seeking to establish themselves in the region.

Political leaders have emphasized the importance of these projects for modernizing regional infrastructure and strengthening competitiveness on the international stage. These initiatives also allow India to consolidate its trade exchanges with key partners and diversify its industrial capacities.

Strategic impacts

With this investment, Rajasthan aims to create over one million jobs and attract international collaborations in industrial and energy sectors. These developments also reinforce the state’s economic autonomy while aligning its ambitions with international regulatory frameworks.

The government thus hopes to strengthen the state’s contribution to the national GDP and increase its role in global value chains, capitalizing on opportunities provided by modernized infrastructure and a favorable political environment.

Singapore’s Sembcorp Industries has entered the Australian energy market with the acquisition of Alinta Energy in a deal valued at AU$6.5bn ($4.3bn), including debt.
Potentia Energy has secured $553mn in financing to optimise its operational renewable assets and support the delivery of six new projects totalling over 600 MW of capacity across Australia.
Drax plans to convert its 1,000-acre site in Yorkshire into a data centre by 2027, repurposing former coal infrastructure and existing grid connections.
EDF has inaugurated a synchronous compensator in Guadeloupe to enhance the stability of an isolated power grid, an unprecedented initiative aiming to reduce dependence on thermal plants and the risk of prolonged outages.
NGE and the Agence Régionale Énergie Climat Occitanie form a partnership to develop a heating and cooling network designed to support economic activity in the Magna Porta zone, with locally integrated production solutions.
GEODIS and EDF have signed a strategic partnership to cut emissions from logistics and energy flows, with projects planned in France and abroad.
The American oil group now plans to invest $20 billion in low-emission technologies by 2030, down from the $30 billion initially announced one year earlier.
BHP sells a minority stake in its Western Australia Iron Ore power network to Global Infrastructure Partners for $2 billion, retaining strategic control while securing long-term funding for its mining expansion.
More than $80bn in overseas cleantech investments in one year reveal China’s strategy to export solar and battery overcapacity while bypassing Western trade barriers by establishing industrial operations across the Global South.
Exxaro increases its energy portfolio in South Africa with new wind and solar assets to secure power supply for operations and expand its role in independent generation.
Plenitude acquires full ownership of ACEA Energia for up to €587mn, adding 1.4 million customers to its portfolio and reaching its European commercial target ahead of schedule.
ABB invests in UK-based start-up OctaiPipe to strengthen its smart energy-saving solutions for data centre infrastructure.
Enbridge has announced a 3% increase in its annual dividend for 2026 and expects steady revenue growth, with up to CAD20.8bn ($15.2bn) in EBITDA and CAD10bn ($7.3bn) in capital investment.
Axess Group has signed a memorandum of understanding with ARO Drilling to deliver asset integrity management services across its fleet, integrating digital technologies to optimise operations.
South African state utility Eskom expects a second consecutive year of profit, supported by tariff increases, lower debt levels and improved operations.
Equans Process Solutions brings together its expertise to support highly technical industrial sectors with an integrated offer covering the entire project lifecycle in France and abroad.
Zenith Energy centres its strategy on a $572.65mn ICSID claim against Tunisia, an Italian solar portfolio and uranium permits, amid financial strain and reliance on capital markets.
Ivanhoe Mines expects a 67% increase in electricity consumption at its copper mine in DRC, supported by new hydroelectric, solar and imported supply sources.
Q ENERGY France and the Association of Rural Mayors of France have entered a strategic partnership to develop local electrification and support France's energy sovereignty through rural territories.
ACWA Power, Badeel and SAPCO have secured $8.2bn in financing to develop seven solar and wind power plants with a combined capacity of 15 GW in Saudi Arabia, under the national programme overseen by the Ministry of Energy.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.