State-owned SJVN on Thursday inked two initial pacts with Maharashtra government for developing pumped storage and floating solar projects in the state with an investment of Rs 48,000 crore.
A Memorandum of Understanding was signed with Department of Water Resources of the Maharashtra government for development of five pumped storage projects of total capacity of 8,100 MW.
The 8,100 MW PSPs include 800 MW Kolmondapada, 1,500 MW Sidgarh, 2,000 MW Chornai, 1,800 MW Baitarni and 2,000 MW Jalvara, a company statement said.
The second pact was signed with Maharashtra State Power Generation Company for development of a 505 MW floating solar project at lower Wardha Dam in the state. The project will be developed in two phases, the first phase being of 100 MW.
The projects will generate about 8,400 direct and indirect employment opportunities.
The MoUs were signed in Mumbai in the presence of Deputy Chief Minister and Energy Minister of Maharashtra, Devendra Fadnavis.
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