Tuesday, 02 January 2024 12:17 GMT

Assam's Energy Push: Rs 80,000 Crore Investment 40,000 Jobs In Pipeline, Says CM Sarma


(MENAFN- IANS) Guwahati, Sep 13 (IANS) Assam Chief Minister Himanta Biswa Sarma on Sunday said the energy sector would play a key role in driving the state's next phase of economic growth, with new solar, pumped-storage and battery projects expected to attract more than Rs 80,000 crore in investment and create nearly 40,000 jobs.

In a post on X, CM Sarma said the planned expansion of the state's clean energy ecosystem would open up new employment and economic opportunities, particularly for Assam's youth.

“The energy sector will be a key driver of Assam's next phase of growth,” the Chief Minister said, highlighting the potential of renewable energy and energy-storage projects to transform the state's investment landscape.

According to CM Sarma, the proposed projects span solar power generation, pumped-storage systems and battery projects, indicating a broader push towards building infrastructure capable of supporting Assam's future energy requirements.

The investment potential of over Rs 80,000 crore could give a significant boost to the state's industrial and infrastructure development, while the projected creation of nearly 40,000 jobs is expected to provide fresh opportunities for the local workforce.

The Chief Minister's announcement comes as Assam seeks to accelerate industrialisation and attract large-scale investments across emerging sectors. The state government has increasingly focused on renewable energy and infrastructure as part of its broader strategy to create jobs and strengthen the economy.

Solar projects could help expand Assam's renewable power generation capacity, while pumped-storage facilities can provide large-scale energy storage and improve the flexibility of the power grid. Battery projects, meanwhile, could support the growing demand for energy-storage solutions as renewable power generation expands.

CM Sarma said emerging energy opportunities would be particularly important for the state's young population, signalling the government's focus on linking investment with employment generation.

The proposed projects are also expected to strengthen Assam's position as an emerging destination for clean-energy investments in the Northeast.

With more than Rs 80,000 crore of investment potential and nearly 40,000 jobs in the pipeline, the energy sector is set to become an important pillar of Assam's economic expansion, the Chief Minister indicated.

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IANS

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