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Adani Enterprises’ data centre project to get govt incentives

Tuesday, 24 Nov 2020
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The Andhra Pradesh government has approved a slew of incentives for Adani Enterprises’ proposed integrated data centres-cum IT park.

Adani Enterprises had submitted a revised proposal to the government for establishing an Integrated Data Center Park and Technology/Business Park.

This will also include 200 MW data centre park, IT business park, skill university, and recreation centre in Madhurawada, Visakhapatnam, for which the company requested for a special package of incentives.

The state Investment Promotion Board recommended to extend certain incentives to Adani Enterprises under the AI Cloud Hub Policy 2018-20, with  condition that the project proponent must commence operations within three years and complete all phases of all the components within seven years, from the date of handing over of the land.

In a government order, it was decided to alienate 257.37 acre of land in Madhurawada in Visakhapatnam, which is now in possession of the Tourism Department, to APIIC. In addition, the company will be allotted 130 acre of land in Madhurawada.

Adani Enterprises will be charged Rs one crore per acre for the land allotted. In addition, the project will get power incentives as per distribution license option for a duration of 20 years from the date of handing over the land, 100 percent reimbursement of SGST on all data centre units, electrical, communication & IT equipment for capex for a period of seven years from the date of handing over the land.

As part of the project, Adani Enterprises will set up 600 MW renewable energy park.

 

 
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