A senior Mantralaya official stated, “The central govt has set a target to bring carbon emissions to zero by 2070. For this, the state govt has set targets to generate 50% energy through renewable energy sources by 2030 and 75% by 2047.”

A memorandum of understanding was already signed on June 14, 2023, between Mahagenco and Satluj Jal Vidyut Nigam Limited to develop renewable energy generation projects. According to this agreement, the development of various renewable energy projects in the state, including pumped storage hydroelectric projects, green hydrogen with solar-wind hybrid, and floating solar projects, is included. All these projects have a total capacity of 5000 MW.

The official further stated, “The establishment of a joint venture company for this was approved by the state cabinet on Tuesday. Satluj Vidyut Nigam Limited will have 51% and Mahagenco will have 49% equity.”

Through this joint company, in the first phase, projects with a total capacity of 735 MW will be developed, including the Ghatghar Phase-2 pumped storage hydroelectric project (125 MW), Irai floating solar energy project (105 MW), and Nimnawardha floating solar energy project (505 MW).

Reference : https://timesofindia.indiatimes.com/city/mumbai/maharashtra-cabinet-approves-joint-venture-for-5000-mw-capacity-renewable-energy-project/articleshow/123925535.cms?utm_

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