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Maharashtra, JSW Energy inks MoU for green energy projects worth Rs. 35,500 crore

The Maharashtra government and power major JSW Energy Ltd have announced that they have signed two MoUs to set up two green projects worth Rs 35,500 crore to generate 6,500 MW clean energy in northern and western Maharashtra.

This would consist of a 1,500 MW hydro-based power project in Nashik and a 5,000 MW wind power project spread across 1,870 hectares in Kolhapur, Solapur, Satara, and Osmanabad, to be set up within 18 months.

"The two new projects will supply cheap and green renewable power round the clock, and help Maharashtra reduce its dependence on non-renewable sources of energy," said Industry Minister Subhash Desai. 

He ensured the company of full cooperation in obtaining the requisite regulatory support.

"We are making rapid strides towards building a sustainable environment with aspirations to reduce the grip of carbon footprint and curb global warming by encouraging renewable energy as a sector and attracting multiple powerhouses to enhance the state's sustainable energy capacity," Desai pointed out.

The investment influx from JSW will account for a substantial increase in renewable energy sources within Maharashtra and employ over 10,000 people, besides giving a boost to the social-economical-tourism development in these areas.

Besides Desai, those present on the occasion included Joint Managing Director and CEO of JSW Energy Ltd, Prashant Jain, MIDC CEO P. Anbalagan, Additional Chief Secretary Baldev Singh, Development Commissioner Harshdeep Kamble, and other officials from both sides.

The minister said that the state has steadily shown strong performance across multiple investment parameters, both during and post the lockdown periods. 

Author : Moulin Oza
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