Maharashtra Government Signs 4 MoUs Totalling INR 47,000 Crore in RE Sector
Maharashtra government has signed four MoUs worth around INR 47,000 crore in renewable energy sector with a target of generating 50 percent of the state’s energy from renewable sources by 2030.
September 27, 2024. By Mrinmoy Dey
These agreements were signed between Mahagenco Renewable Energy Ltd. (MREL) with REC Power Development and Consultancy Ltd. (RECPDCL), THDC India Ltd. (THDCIL), Hindustan Petroleum Corporation Ltd (HPCL), SJVN and Power Grid Corporation of India Ltd. (PGCIL), at Sahyadri Guest House in Mumbai.
The projects align with Maharashtra's target of generating 50 per cent of its energy from renewable sources by 2030. Maharashtra’s Deputy Chief Minister, and Energy and Irrigation Minister Devendra Fadnavis, who was present at the MoU signing ceremony, affirmed the state's commitment to providing the necessary support to ensure timely project completion.
RECPDCL and the Maharashtra government will collaborate to leverage their respective strengths in infrastructure development and engineering for renewable energy projects. A 500 MW hybrid renewable energy project will be the first venture, requiring an investment of INR 3,000.
As part of the MoU between the state and THDCIL, Maharashtra will see the development of renewable energy projects with a capacity of 4,250 MW, demanding an investment of INR 29,329 crore.
Meanwhile, HPRGE-HPCL plans to develop a 50 KTPA (kilo-tonnes per annum) green hydrogen and derivatives plant at MahaGenco’s gas-based power facility in Uran, Raigad district with an approximate investment of INR 12,000 crore.
Another key development comes from SJVN, which is exploring a joint venture with MahaGenco to establish a floating solar power plant on the Lower Wardha Dam. The pre-feasibility study, including a bathymetric survey, has identified a 732-hectare site for a 505 MW plant. This INR 3,030 crore project will be executed in two phases – 100 MW in Phase-I and 405 MW in Phase-II.
please contact: contact@energetica-india.net.
Gaurav Dolwani
CEO
From Scrap to Sustainability: LICO Materials’ Circular Economy Approach
Gaurav Kumar
Head of Supply Chain and Manufacturing
Euler Motors Bridges Cost Gap Between EVs and ICE Vehicles with Localization
Shveta Arya
India Region Leader
Powering India’s Mobility Future: Cummins Showcases Advanced Power Solutions at Bharat Mobility
Samkit Shah
Co-Founder
Jitendra EV Leading Hybrid EV Revolution with Hydrix
Muthu Subramanian
MD & General Manager
From Charging to Swapping: How Yuma Energy is Changing EV Refueling