Govt signs MoU for 5,220 MW renewable energy projects in Maharashtra

Govt signs MoU for 5,220 MW renewable energy projects in Maharashtra

THE MAHARASHTRA government signed a Memorandum of Understanding (MoU) on 14, June 2023 with Mahatma Phule Agricultural University, Mahaurja, and Sutlej Jal Vidyut Nigam Limited (SJVN) to develop 5,220 MW of renewable energy projects in the state.

According to an official, the MoU will invest Rs 41,000 crore and create approximately 6,760 jobs. It was signed in the presence of Deputy Chief Minister Devendra Fadnavis at the 105th Meeting of the Governing Body of Maharashtra State Energy Development Agency (Mahaurja) at Sahyadri Guest House.

Fadnavis, who also holds the Energy portfolio, has directed the relevant agencies to expedite the work on the state’s ongoing solar power projects.

According to an official, the state government has formulated a policy to implement solar power projects to meet the state’s growing demand for electricity and to provide abundant electricity to farmers.

“Central and state governments are promoting renewable energy projects. By 2030, 50 percent of the installed capacity is to be met by renewable energy. Energy stability requires large amounts of energy storage. For this purpose, Mahanirmiti should speed up the construction of solar, water, wind, and solar power projects in the state,” 

Fadnavis said after the meeting. During the meeting, the revised budget for the financial year 2022-23 and the proposed annual budget for the financial year 2023-24 of Mahaurja were also approved.

Earlier, The Maharashtra Electric Vehicle Policy (2021), announced by the Maharashtra government in 2021, aims to hasten the adoption of electric vehicles in the state by the year 2025. 

The state’s focal point for developing infrastructure for vehicle charging is the Maharashtra State Electricity Distribution Company Limited (Mahadiscom). 

In the state, there are 26 electric vehicle charging stations, 11 of which are in Navi Mumbai, seven in Thane, five in Pune, one in Nagpur, one in Kolhapur, and one in Solapur. Moreover, Mahadiscom is setting up 36 more charging stations across the state.