Maharashtra will soon get a boost in energy storage and grid stabilization, with the state government signing two deals with central public sector enterprise SJVN Ltd.
According to the press release, SJVN and the state government’s Department of Water Resources will develop five pumped storage projects with a total capacity of 8,100 megawatts.
The PSPs will include 800 MW Kolmondapada, 1,500 MW Sidgarh, 2,000 MW Chornai, 1,800 MW Baitarni and 2,000 MW Jalvara facilities.
These PSPs will be critical in meeting the peak electricity demand and ensuring reliable and clean energy for Maharashtra.
The second memorandum of understanding involved the hydroelectric major partnering with Maharashtra State Power Generation Co. to develop a 505 MW floating solar project at Lower Wardha Dam in Maharashtra.
SJVN will develop the 505 MW FSP in two phases. The first phase will be 100 MW, and the second 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 release stated.
State Energy Minister Devendra Fadnavis, who was present at the event, said these MoUs will mark a new chapter in Maharashtra’s energy infrastructure journey.
The total estimated investment on these projects will be to the tune of ₹48,000 crores, generating direct and indirect employment for around 8,400 people.
The projects will also support eco-tourism and skill development initiatives, benefiting the local communities.
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