When Chandra Babu Naidu(CM of AP) visited Japan & it's PM Abe Shinzo-Sama a few months back regarding the new capital of AP , I remember that he had a few meetings with many corporates & industrialists,Softbank &it's CEO Son Masayoshi shi among them
Solar projects: Japan’s Softbank offers to make AP a model State
Japan’s Softbank Corp. founder and Chief Executive Officer (CEO) Masayoshi Son on Tuesday met Chief Minister N. Chandrababu Naidu and offered to make Andhra Pradesh a model State in solar and wind hybrid projects in the country.
During the meeting,
he informed Mr. Naidu that Softbank was interested to collaborate with the Government of Andhra Pradesh in renewable energy. Nikesh Arora, president of Japan’s Softbank Corp. and Sunil Bharti Mittal, chairman of Bharti Enterprises too were present.
Mr. Son said he met Prime Minister Narendra Modi on Monday and promised to make $20 billion investments in solar and wind energy projects in the next 10 years. He said Soft Bank has formed a joint venture with Bharti Enterprises to make investments in renewable energy. India can become probably the largest country for solar energy, he added.
Explaining the advantages offered by Andhra Pradesh, the Chief Minister told Mr. Son the State has a long coast which makes it a potential logistics hub for South East Asia. Mr. Naidu informed Mr. Son that AP has unveiled Solar and Wind policies that allow solar and wind hybrid model projects. Seeking Soft Bank’s collaboration in renewable energy, he said “ We need your support in working on socially responsible programs and in a sustainable way”.
He also told him that AP has T&D losses at 10.6 per cent they would be brought down to 5-6 per cent in two to three years, on par with international standards. “We have surplus power and water. We’ve turned our State around from a power-deficit to an energy secure State,” he added.
H
e also suggested to Softbank to explore ways of collaboration in hardware (electronics). The Chief Minister explained how AP has succeeded in plugging leakages in the Public Distribution System through e-Pos where the government has saved nearly Rs. 50 crore by increasing the efficiency by 14.2 per cent. Mr. Son said Softbank was focussing on renewable energy because it believed in the need to be responsible for future generations without relying completely on non-renewable energy.
Solar projects: Japan’s Softbank offers to make AP a model State - The Hindu
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Green energy: SoftBank, others to invest in Andhra Pradesh
The company said it will work to make Andhra Pradesh a model state in the country in solar and wind hybrid power projects
Hyderabad: Japan’s SoftBank Corp, which pledged to invest at least $20 billion in solar energy projects in India, on Tuesday said it will collaborate with the Andhra Pradesh government in the renewable energy sector.
SoftBank chairman and chief executive Masayoshi Son said
the company will work to make Andhra Pradesh a model state in the country in solar and wind hybrid power projects, a state government statement said.
Son gave these assurances at a meeting with chief minister N. Chandrababu Naidu in Hyderabad, whom he met along with Bharti Enterprises chairman Sunil Bharti Mittal and SoftBank’s president Nikesh Arora. T
he chief minister had met Son during a visit to Japan in November last year.
“These projects will not only boost the economy but also provide employment to people. The reason SoftBank is focussing on renewable energy is because we believe we need to be responsible for our future generations without relying completely on non-renewable energy,” Son said in the statement.
SoftBank on Monday said
it is partnering with Bharti Enterprises and Foxconn to set up a clean energy venture SBS Cleantech Ltd. to invest in and develop at least 20 gigawatt of solar energy in the country. SoftBank will retain majority stake in the joint venture.
The federal government aims to increase the share of renewables in the energy mix and has set a target to generate 100 gigawatt of solar energy and 60 gigawatt of wind energy by 2022.
Pitching the state as a manufacturing hub, Naidu asked Son to explore collaboration in electronics manufacturing space in the state. “On the East Coast, Andhra Pradesh has an advantage of serving and exporting goods to south eastern markets like Malaysia, Singapore, China, etc.,” Naidu said in the statement.
Naidu has been looking for investment to transform Andhra Pradesh, which has the longest coastline in the eastern part of the country, into a logistics hub for Southeast Asia.
Green energy: SoftBank, others to invest in Andhra Pradesh - Livemint
) It's obvious you haven't seen many of us in Japan
