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Updated on: Tuesday, September 14, 2021, 06:23 PM IST

Maharashtra gets huge boost from JSW Group’s Rs 35,500 cr investment in renewable energy

Maharashtra gets huge boost from JSW  Group’s Rs 35,500 cr investment in renewable energy | FPJ Photo

Maharashtra gets huge boost from JSW Group’s Rs 35,500 cr investment in renewable energy | FPJ Photo

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The Maha Vikas Aghadi government on Tuesday received a major boost in its ongoing plan to increase the renewable energy capacity in the state. The JSW Group has signed MoU with the state government with an investment of Rs 35,500 crore in the renewable energy segment.

JSW Energy Ltd, the power business arm of JSW Group with 4559 MW of operational Thermal, Hydro and Solar Power Capacity, has firmed up plan to set up 1,500 mw hydro-based power project in Nashik district and 5,000 mw wind power projects spread across 1870 Hectares at Kolhapur, Solapur, Satara & Osmanabad Districts. The company expects to commence the generation in 18 months.

According to the state industries department, the hydro power project will cover Jammde, Kalbhonde, Kothale villages near Igatpuri in Nashik district.

Industries Minister Subhash Desai promised handholding and regulatory support required for greening of energy in for a sustainable future for its residence. ‘’The Government of Maharashtra is undertaking rapid strides towards building a sustainable environment with aspirations to reduce the grip of carbon footprint and curb global warming, our State promotes Renewable Energy as a sector, attracting multiple power houses to enhance the State’s sustainable energy capacity. This huge investment inflow in the State will account to a considerable increase in renewable energy sources within the State. While generating employment for over 10000 people, these projects will also bring socio-economic development of the area by promoting eco-tourism, skill development and service sector,’’ he noted.

Desai said that Maharashtra has emerged as forerunner for business continuity plans with its ready-built industrial infrastructure, sector specific build-to-suit offerings and highest FDI inflows. ‘’Maharashtra has consistently ensured strong performance across multiple investment parameters, even during and post lockdown, under Magnetic Maharashtra 2.0 Maharashtra has managed to sign MoUs worth Rs 1,65,439 crore.

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Published on: Tuesday, September 14, 2021, 06:23 PM IST
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