The MoU between Maharashtra Government and Adani Energy will entail an investment of Rs 60,000 crore and provide employment to 30,000 people.
The MoU between Maharashtra Government and Adani Energy will entail an investment of Rs 60,000 crore and provide employment to 30,000 people.
Maharashtra government’s energy department on Tuesday signed a Memorandum of Understanding (MoU) with Adani Green Energy Group Limited (AGEL) to generate 11000 MW of green power over the next five years.
A government statement said it would entail an investment of Rs 60,000 crore and provide employment to 30,000 people.
According to the agreement, AGEL will set up a Pumped Storage Project (PSP) in the next four to five years, through which about 11,000 MW of electricity will be generated, a statement issued by the state’s energy department said.
non-conventional energy sources
The state would derive several benefits from PSPs that would generate or store electricity with the help of non-conventional energy sources, adding that they would be particularly useful for immediate power generation in case of shortage.
The MoU was signed by Narayan Karad, Deputy Secretary, Energy Department, Maharashtra and Ajit Barodia, Senior Vice President, Adani Industries Group.
Under Secretary Nanasaheb Don and AGEL Associate Vice President Akshay Mathur were also present on the occasion.
The MoU with AGEL was signed in the presence of Energy Minister Dr. Nitin Raut and Principal Secretary, Energy, Dinesh Waghmare.