CleanMax and SLN Coffee sign investment agreements in Andhra Pradesh
CleanMax will invest Rs 50,000 crore in clean energy while SLN Coffee commits Rs 2,500 crore to coffee manufacturing.
Clean Max Enviro Energy Solutions and S.L.N. Coffee Private Limited have signed agreements with the Andhra Pradesh Economic Development Board (APEDB) to invest in the state, according to reports by Deccan Chronicle, Business Standard and Business Today.
CleanMax plans to invest nearly Rs 50,000 crore to build an integrated clean energy complex. The project includes 3 GW of wind and solar energy generation and 1 GW of pumped hydro storage facilities to support a 2 GW green compute factory in Kurnool district being developed with AI cloud provider Neysa.
Kuldeep Jain, Founder and Managing Director of CleanMax, said compute is becoming a major source of power demand that requires constant clean energy. The company will apply to the Andhra Pradesh Electricity Regulatory Commission (APERC) for a distribution licence to power the facility.
Separately, S.L.N. Coffee will invest approximately Rs 2,500 crore in coffee processing and instant coffee manufacturing through 2035. The investment will be carried out in three phases of Rs 690 crore, Rs 815 crore and Rs 995 crore.
SLN Coffee Chairman SLN Sathappan said the investment reflects a long-term commitment to the state and aims to create a future-ready coffee ecosystem. The project, known as Project Horizon, intends to establish an integrated manufacturing campus involving R&D, packaging and extraction.
The coffee project was announced at the CII Partnership Summit in the presence of Andhra Pradesh Chief Minister N. Chandrababu Naidu.