Uttarakhand Government Inks MoU with JSW Neo Energy in Pursuit of Green Energy
As part of this momentous MoU, two pumped storage projects, each with a capacity of 1500 megawatt , are set to be developed in the Almora district of Uttarakhand.
October 06, 2023. By News Bureau
The agreement marks a significant step toward bolstering green energy initiatives in the state. As part of this momentous MoU, two pumped storage projects, each with a capacity of 1500 megawatt, are set to be developed in the Almora district of Uttarakhand. The ambitious projects, representing a combined 3000 megawatt of clean energy, are expected to materialize over the next five to six years.
The summit, which the Uttarakhand government is organizing, follows the pattern of the renowned "Vibrant Gujarat," and it is inspired by the successful G-20 event held in India.
Chief Minister Pushkar Singh Dhami underscored the state's rapid progress and its substantial investment plans, which currently amount to around INR 1.50 lakh crores.
Uttarakhand's allure as a tourist destination was also emphasized, with the state witnessing a significant influx of visitors during the Char-Dham Yatra this year, all hotels and homestays reported full bookings, underscoring the need for enhanced infrastructure and the rationale behind the Global Investor’s Summit.
The state's focus sectors for investment include tourism, Ayush, wellness, food processing, automobiles, renewable energy, information technology, and pharmaceuticals.
This ambitious endeavor has been further facilitated by the streamlining of the "single window system" for investors.
The MoU with JSW Neo Energy represents a monumental stride toward sustainable energy generation and Uttarakhand's commitment to green development.
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