State-run hydropower producer SJVN Ltd has signed two Memorandums of Understandings (MoUs) with the Government of Maharashtra to develop 8.1 GW of pumped storage projects and 505 MW floating solar projects in the state of Maharashtra.
The first MoU was inked between SJVN and Department of Water Resources, Government of Maharashtra, for development of five pumped storage projects aggregating to 8.1 GW.
The second MoU was signed between SJVN and Maharashtra State Power Generation Co. (MAHAGENCO) for the development of a 505 MW floating solar project at Lower Wardha Dam in Maharashtra.
The 505 MW floating solar project will be developed in two phases of 100 MW and 405 MW, respectively.
“The phased development will ensure optimal use of existing power evacuation infrastructure and will provide a sustainable and reliable energy source for the region,” stated SJVN.
The 8,100 MW pumped storage capacity includes 800 MW Kolmondapada, 1,500 MW Sidgarh, 2,000 MW Chornai, 1,800 MW Baitarni and 2,000 MW Jalvara projects.
The MoU signed for pumped storage will facilitate SJVN to undertake survey & investigation, preparation of detailed project report and further establishment of the PSP 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 crore 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,” stated SJVN.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
1 comment
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.