Hyderabad: Japanese telecom and Internet company Softbank Corp. will set up a 20 gigawatt (GW) solar power plant in Andhra Pradesh, the state government said on Tuesday.

“We are ready to set up a 20 GW solar power plant in your state," Softbank chief executive officer and founder Masayoshi Son was quoted as saying in a press release issued by the Andhra Pradesh government.

Andhra Pradesh chief minister N. Chandrababu Naidu, who is on a visit to Japan, held discussions with Son on proposed investments.

In addition to a solar power plant, Softbank proposes to set up a manufacturing unit to produce solar panels under the ‘Make in India’ initiative in Andhra Pradesh.

The details of the solar power project including funding and execution time frame were not disclosed.

“We engage in talks with governments all around the world. The discussions are confidential," said a spokesperson at Softbank.

Softbank along with Bharti Enterprises Ltd and Taiwan’s Foxconn Technology last month proposed to invest at least $20 billion in solar energy projects in India through a joint venture, SBG Cleantech Ltd.

As part of his Japan visit, Naidu on Tuesday also met Japanese Prime Minister Shinzo Abe, who assured him of technical and possible financial assistance for infrastructure development and for the construction of the new Andhra Pradesh capital.

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