SJVN, Maharashtra govt’ sign MoUs on energy storage and solar projects

The estimated project investments is at $5.73b.

SJVN and the Maharashtra government have signed two memorandums of understandings (MoUs) for Pumped Storage Projects (PSPs) and Floating Solar Projects (FSPs) development in the state of Maharashtra.

The first MoU was between SJVN and the Department of Water Resources for the development of five Pumped Storage Projects of total capacity of 8,100-megawatt (MW). It will facilitate SJVN to undertake the projects' operations.

These include 800 MW in Kolmondapada; 1,500 MW in Sidgarh; 2,000 MW in Chornai; 1,800 MW in Baitarni; and 2000 MW in Jalvara. It will be for energy storage, grid stabilisation, meeting the peak electricity demand, and ensuring clean energy for Maharashtra.

The second MoU was signed between SJVN and Maharashtra State Power Generation Company (MAHAGENCO) for the development of 505 MW Floating Solar Project at Lower Wardha Dam in Maharashtra.

It will be developed in two phases. The first will be 100 MW and the second will be 405 MW. The phased development will ensure optimal use of existing power evacuation infrastructure and will provide a sustainable and reliable energy source for the region.

The estimated project investments is $5.73b (INR48,000 crores). It is expected to generate 8,400 employment opportunities and support eco-tourism and skill development initiatives.

$1 = INR83.77

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