SJVN has signed a memorandum of understanding (MoU) with Maharashtra State Power Generation Co. (MAHAGENCO) to develop 5 GW of renewable energy projects in the state of Maharashtra.
Under the MoU, SJVN will explore the feasibility of setting up hydro, pumped storage, wind, solar, hybrid, and green hydrogen projects in Maharashtra.
Further, SJVN and MAHAGENCO will jointly participate in tenders floated by the state government of Maharashtra for the renovation and modernization of small hydropower stations that are operated and maintained by MAHAGENCO.
SJVN targets 25 GW of power generation capacity by 2030, more than half of which is bound to come from solar and wind resources.
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