Latest News | HIF Global Expresses Interest to Invest USD 1 Billion in Odisha's Renewable Energy Sector

Bhubaneswar, Feb 11 (PTI) Chile-based e-fuel company HIF Global has expressed interest to invest around USD 1 billion in Odisha's renewable energy sector, an official statement said.

The company made a presentation before Odisha Deputy Chief Minister K V Singh Deo, who is also in charge of the energy and agriculture departments, in this regard.

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“The firm has expressed its interest to invest around USD 1 billion for methanol synthesis project in Odisha,” the statement said.

HIF Global has requested to provide 50 acres of land, adequate water and electricity supply, it said.

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“We are ready to provide all kinds of facilities as per the government guidelines. We have an investment-friendly, single-window clearance system,” Singh Deo said.

The project has potential to create job opportunities for more than 250 people in the operational phase, and for over 500 people in the functional phase, the statement said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)