In a significant step towards bolstering renewable energy initiatives and sustainable infrastructure, Shell Energy India has announced a substantial investment of ₹3,500 crore in the state of Gujarat. The investment will encompass the establishment of a renewable energy production facility, electric vehicle (EV) charging stations, and a liquified natural gas (LNG) regasification terminal, contributing to economic growth and job creation in the region.
The momentous move was formalized through a memorandum of understanding (MoU) signed between Shell Energy India and the Gujarat government. The signing ceremony, which took place in Gandhinagar, was graced by the presence of Chief Minister Bhupendra Patel. The agreement aligns perfectly with the upcoming 10th edition of the Vibrant Gujarat Global Summit scheduled for January of next year.
Under the terms of the MoU, a staggering ₹2,200 crore investment will be directed towards the establishment of a state-of-the-art renewable energy production facility spread across a sprawling 1,200 acres in Banaskantha district, situated in the northern reaches of Gujarat. This ambitious venture is poised to offer direct and indirect employment opportunities to over 1,000 individuals, consequently fostering local economic development. With commercial production targeted to commence by 2026, this facility holds the promise of becoming a cornerstone of the state’s sustainable energy landscape.
Parallel to the renewable energy facility, Shell Energy India is committed to injecting ₹800 crore into creating an extensive network of fuel retailing and EV recharge stations across Gujarat. This visionary project is set to generate employment for approximately 2,000 people and is slated to be operational by 2027. By facilitating the growth of EV infrastructure, this investment is set to play a pivotal role in Gujarat’s transition towards cleaner and greener transportation solutions.
In an endeavour to further diversify its impact, Shell Energy India will also allocate ₹500 crore to the development of an LNG regasification terminal. This multi-faceted project encompasses asset integrity rejuvenation and debottlenecking efforts, thereby ensuring enhanced efficiency and operational excellence. The project is projected to yield employment opportunities for 375 individuals, with commercial production anticipated to commence by 2027.
The Chief Minister of Gujarat, Bhupendra Patel, hailed this collaborative initiative as a resounding endorsement of the state’s commitment to sustainable development and the pursuit of renewable energy avenues. He emphasized that these strategic investments by Shell Energy India will not only fortify the region’s energy infrastructure but also catalyse job creation, thereby invigorating the local economy.
