SJVN Signs MoUs with Maha Govt. for 8100 MW PSPs and 505 MW Floating Solar Project
SJVN has inked two MoUs totalling investment of about INR 48,000 crore with Maharashtra Government for development of five Pumped Storage Projects of total capacity of 8100 MW and for the development of 505 MW Floating Solar Project at Lower Wardha Dam in Maharashtra.
September 27, 2024. By Mrinmoy Dey
The MoUs were signed in Mumbai in the presence of Deputy Chief Minister and Energy Minister of Maharashtra, 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.
The 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 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,” informed SJVN in a statement.
The 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 and investigation, preparation of DPR and further establishment of the aforesaid 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 INR 48,000 crores and will generate approximately 8400 direct and indirect employment opportunities. The projects will also support eco-tourism and skill development initiatives which will benefit the local communities,” stated SJVN.
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