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Mahagenco signs MoUs for renewable energy projects
Updated On: 15 June, 2023 07:13 AM IST | Mumbai | Dharmendra Jore
The company will step up non-conventional pumped storage hydro production in association with Satluj Jal Vidyut Nigam, a mini Ratna company of the union govt
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The MoUs were signed in the presence of energy minister Devendra Fadnavis. File pic/Ashish Raje
Two weeks after the state government signed MOUs of Rs 71,000 crore investment for pumped storage hydropower (PSH) projects of 13,500 MW capacity, the state-owned generation company, Mahagenco, has inked an agreement with a hydro power major for PSH capacity of 5,000 MW, and 220 MW of solar and wind with others. The projects will have an investment of Rs 41,000 crore and create 6,000 jobs.
Mahagenco has roped in the Mahatma Phule Agricultural University in Rahuri to set up a solar energy farm of 100 MW capacity. Mahaurja, a state initiative for renewable energy, will partner with Mahagenco to install a 120 MW capacity unit of solar and wind energy. The MoUs were signed in the presence of energy minister Devendra Fadnavis, who has focused more on renewables. Dr P Anbalagan, MD Mahagenco; Geeta Kapoor (Satluj); Dr Prashant Patil (chancellor, agricultural university) and Dr Kadambari Balkawde (Mahaurja) signed the MoUs.
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