The 2,640 MW Sembcorp Gayatri Thermal Power Complex, the Rs. 20,000-crore largest foreign direct investment project in Andhra Pradesh, was inaugurated by Chief Minister N. Chandrababu Naidu, Union Minister for Urban Development M. Venkaiah Naidu and Singapore Minister for Trade and Industry S. Eswaran near Krishnapatnam port here on Saturday.
Union Minister of State with independent charge for Power and Coal Piyush Goyal, Union Minister of State with independent charge for Environment and Forests Prakash Javadekar and Union Minister of State for Science and Technology Y.S. Chowdary were present on the occasion. Gayatri Group Chairman and Rajya Sabha member T. Subbarami Reddy presided over the inauguration ceremony. Captains of industry, including GVK Group founder chairman G.V. Krishna Reddy, Apollo Group chairman P.C. Reddy, Navayuga Group chairman C.V. Rao, NASSCOM chairman B.V.R. Mohan Reddy, and others were also present.
Addressing the gathering, Mr. Chandrababu Naidu said the participation of Singapore's Sembcorp Group in industrial and infrastructural development in Andhra Pradesh would go a long way in giving a new fillip to the bilateral ties between Singapore and India at the national level and also with AP at the State level. “Singapore is known for integrity and honesty and they have a major role to play in the overall development of Amaravati and AP," he added.
Referring to the recent announcements on the three railway freight corridors, Mr. Naidu appealed to the Union Ministers present on the occasion to help develop another small line between Visakhapatnam and Raipur as part of the national-level freight corridors. This would create a circular railway network in AP connecting nearly 1200 km of coastline to the hinterland and also connecting strongly Visakhapatnam, Vijayawada and other AP cities to Mumbai and Kolkata to make AP an industrial hub in the near future, he said.
Mr. Eeswaran said that with the success of Sembcorp Gayatri project, Singapore would be able to further its efforts to strengthen bilateral ties by way of successful collaborations on the industrial front as well. He further said that Singapore would play a significant role not only in energy sector but also in India's march to develop smart cities, urbanisation, infrastructure and so on.
Sembcorp Industries chairman Ang Kong Hua said that their group had ambitious plans to increase their presence in the energy sector with nearly 3,500 MW capacity power projects in both thermal and renewable energy power plants in operation and under development across seven states in the country.
Stating that they would do their bit in helping India in meeting its goal of ensuring 24x7 power supply, Sembcorp Group president and CEO Tang Kin Fei said that their present Sembcorp Gayatri complex was the largest FDI project located in a single site aimed at using super critical technologies to reduce emissions and promote green energy.