SJVN Ltd has signed a Memorandum of Understanding (MoU) with Maharashtra State Power Generation Business (MAHAGENCO) for the development of 5,000 MW clean energy projects in the state.
The MoU was approved to examine the feasibility of setting up different clean energy projects in Maharashtra, which include Hydro, Pumped Storage, Wind, Solar, Hybrid and Renewable Hydrogen Projects.
Both businesses will jointly participate in tenders floated by the state government for the renovation and modernization of small hydropower stations which are operated and maintained by MAHAGENCO.
With the agreement of this MoU, SJVN now has a project portfolio of 54,065 MW, with 2,091 MW over the operation, while the rest is in different stages of development. The firm is aiming to have 5,000 MW by 2023-24, 25,000 MW by 2030, and 50,000 MW capacity by 2040.