Press Release27 Sept 2024, 04:47 pm
SJVN Ltd Signs MoUs with Government of Maharashtra for 8100 MW Pumped Storage Projects and 505 MW Floating Solar Projects
AI Summary
SJVN Ltd, a Navratna CPSE, has signed two Memorandums of Understandings (MoUs) with the Government of Maharashtra for the development of Pumped Storage Projects (PSPs) and Floating Solar Projects (FSPs) in the state. The MoUs were signed for five PSPs with a total capacity of 8100 MW and a 505 MW FSP in two phases. The PSPs will play a critical role in energy storage, grid stabilization, and meeting peak electricity demand, ensuring reliable and clean energy for Maharashtra. The total estimated investment is around INR 48,000 crores, generating approximately 8400 direct and indirect employment opportunities. The projects will also support eco-tourism and skill development initiatives benefiting local communities.
Key Highlights
- SJVN Ltd signs two MoUs with Government of Maharashtra for development of Pumped Storage Projects (PSPs) and Floating Solar Projects (FSPs).
- The MoUs are for five PSPs with a total capacity of 8100 MW and a 505 MW FSP in two phases.
- PSPs will ensure energy storage, grid stabilization, and meet peak electricity demand, providing reliable and clean energy for Maharashtra.
- The total estimated investment is around INR 48,000 crores, generating approximately 8400 direct and indirect employment opportunities.
- Projects will support eco-tourism and skill development initiatives, benefiting local communities.