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Mukesh Ambani’s Reliance plans to build what could be the world’s largest power plant in Jamnagar, India, with a capacity of three gigawatts to take advantage of the AI boom.
The facility would dwarf its largest data center, Microsoft’s 600-megawatt site in Virginia, Bloomberg reported Friday. This work can be in the middle $20 billion to $30 billionthe report added.
Ambani raised more than $25 billion in 2020 from a group of investors including Meta, Google, Silver Lake, General Atlantic, KKR, Mubadala and PIF to support the growth of Reliance’s now-dominant telecoms business. Reliance is the most valuable company in India.
Ambani aims to power the site primarily with renewable energy from nearby green spaces that will generate solar, wind and hydrogen power.
Ambani is buying chips from Nvidia for the data center, the report added. Nvidia and Reliance announced a partnership to develop the foundation of AI software in India in October.
Jamnagar’s work comes in the form of OpenAI, SoftBank and Oracle this week pledged up to $500 billion for AI infrastructure in the United States through their Stargate Project.