SME Times is powered by   
Search News
Just in:   • Committed to nurture next-gen innovation in 6G technology: Jyotiraditya Scindia  • Europe facing earlier, stronger heatwaves: Climate scientist  • India and Namibia sign two MOUs in fields of health and entrepreneurship  • PM Modi arrives in Delhi after concluding 'productive and successful' 5-nation tour  • ASEAN to keep on consensus, inclusivity: Malaysian official 
Last updated: 14 Sep, 2021  

JSW.9.Thmb.jpg JSW to invest Rs 35,500 cr in green energy projects

JSW.9.jpg
   Top Stories
» Committed to nurture next-gen innovation in 6G technology: Jyotiraditya Scindia
» Piyush Goyal holds talks with Malaysian minister on review of ASEAN trade pact
» India and OPEC have a unique and symbiotic relationship: Hardeep Puri
» SIP inflows hit all-time high in June, total AUM for equity MF at Rs 74.41 lakh crore
» India set to explore over 2.5 lakh sq kms area in one of largest offshore energy efforts
SME Times News Bureau | 14 Sep, 2021
The Maharashtra government and power major JWS Energy Ltd on Tuesday signed two MoUs to set up two green projects worth Rs 35,500 crore to generate 6,500 MW clean energy in northern and western Maharashtra, Industry Minister Subhash Desai said.

This would comprise a 1,500 MW hydro-based power project in Nashik and a 5,000 MW wind power project spread across 1,870 hectares in Kolhapur, Solapur, Satara and Osmanabad, to be set up within 18 months.

"The two new projects will supply cheap and green renewable power round the clock, and help Maharashtra reduce its dependence on non-renewable sources of energy," said Desai.

He assured the company of full cooperation in securing the requisite regulatory support.

JSW Energy Ltd is the power arm of business conglomerate JSW Group, which has 4,559 MW of operational thermal, hydro and solar energy capacity.

"We are making rapid strides towards building a sustainable environment with aspirations to reduce the grip of carbon footprint and curb global warming by encouraging renewable energy as a sector, and attracting multiple power houses to enhance the state's sustainable energy capacity," Desai pointed out.

The investment inflow from JSW will account for a considerable increase in renewable energy sources within Maharashtra and provide employment to over 10,000 people, besides giving a fillip to the social-economical-tourism development in these areas.

Besides Desai, those present on the occasion included Joint Managing Director and CEO of JSW Energy Ltd, Prashant Jain, MIDC CEO P. Anbalagan, Additional Chief Secretary Baldev Singh, Development Commissioner Harshdeep Kamble and other officials from both sides.

The minister said that the state has consistently shown strong performance across multiple investment parameters, both during and post the lockdown periods.

"Under the Magnetic Maharashtra 2.0 unveiled by Chief Minister Uddhav Thackeray in 2020, the state has signed MoUs worth Rs 165,439 crore, making it 'truly magnetic' for the investors," Desai said.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Do you think Indian businesses will be negatively affected by Trump's America First Policy?
 Yes
 No
 Can't Say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter