SJVN signs Two MoUs with Maharashtra Govt
The total estimated investment on these projects will be to the tune of Rs 48,000 crores and will generate approx. 8400 direct and indirect employment opportunities.
The MoU was signed by Sh. Sushil Sharma, Chairman and Managing Director of SJVN and Dr. P. Anbalagan (IAS), CMD, MAHAGENCO.
Shimla: SJVN, a Navratna CPSE, has signed two landmark Memorandums of Understandings (MoUs) with Government of Maharashtra for development of Pumped Storage Projects (PSPs) and Floating Solar Projects (FSPs) in the state of Maharashtra. The MoUs were signed today in Mumbai in the esteemed presence of Hon'ble Deputy Chief Minister and Energy Minister of Maharashtra, Sh. Devendra Fadnavis.
The first MoU was inked between SJVN and Department of Water Resources, Government of Maharashtra, for development of five Pumped Storage Projects of total capacity of 8100 MW. This MoU was signed by Sh. Sushil Sharma, Chairman and Managing Director of SJVN and Sh. Deepak Kapoor (IAS), Additional Chief Secretary, Water Resources Department, Government of Maharashtra.
Read Also : THDCIL and MREL Forge Strategic Partnership to Boost Renewable Energy Projects in MaharashtraThe second MoU was signed between SJVN and Maharashtra State Power Generation Company (MAHAGENCO) for the development of 505 MW Floating Solar Project at Lower Wardha Dam in Maharashtra. The MoU was signed by Sh. Sushil Sharma, Chairman and Managing Director of SJVN and Dr. P. Anbalagan (IAS), CMD, MAHAGENCO.
Hon'ble Dy. Chief Minister of Maharashtra congratulated SJVN, MAHAGENCO & Water Resource Department on achieving this major milestone and extended full support of Government of Maharashtra for ensuring timely execution and completion of these projects. The Dy. Chief Minister further stated that these MoUs will mark a new chapter in Maharashtra's energy infrastructure journey.
The 505 MW Floating Solar Project will be developed in two Phases. The First Phase will be of 100 MW and Second Phase will be of 405 MW. The phased development will ensure optimal use of existing power evacuation infrastructure and will provide a sustainable and reliable energy source for the region.
Read Also : Flipkart's The Big Billion Days Sale 2024: A Shopper's GuideThe 8100 MW Pumped Storage Projects include 800 MW Kolmondapada,1500 MW Sidgarh, 2000 MW Chornai, 1800 MW Baitarni and 2000 MW Jalvara Pumped Storage Projects. This MoU will facilitate SJVN to undertake Survey & Investigation, preparation of DPR and further establishment of the aforementioned projects in Maharashtra in a time bound manner as per the prevailing rule/policies/schemes of the Central/ State Government. The PSPs will play a critical role in energy storage, grid stabilization and meeting the peak electricity demand, ensuring reliable and clean energy for the state of Maharashtra.
The total estimated investment on these projects will be to the tune of Rs 48,000 crores and will generate approx. 8400 direct and indirect employment opportunities. The projects will also support eco-tourism and skill development initiatives which will benefit the local communities.
Read Also : 5 Ways In Which Stress Can Affect The HeartNews Must Read
- SJVN signs Two MoUs with Maharashtra Govt
- HUDCO highlights record-breaking achievements at 54th AGM
- Centre to add Rs 10,501 crore into ONGC Petro Additions
- RVNL Wins Orders for Nagpur Metro Works
- Navratna PSU ONGC won Best Organisation for Sustainability Reporting
- SIDBI holds its 26th Annual General Meeting (AGM)
- Hudco raises $448 million in Yen debt in a rare transaction for state-owned firm
- Josler Energy, IGL, Heath Consultants collaborated for safe, green gas infra
- RVNL Starts Work On Orange Line's Metro Pier in Kolkata
- IREDA and PNB Leaders Discuss Scaling Up Financial Support for Green Energy