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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The MoUs were formalised during the launch of two ambitious policies — the Bihar Policy for Promotion of New & Renewable Energy Sources 2025 and the Bihar Policy for Promotion of Pumped Storage Project 2025 — at an event held at Gyan Bhawan. These policies are aimed at fostering green energy development and attracting major investment into the sector.

The renewable energy policy is expected to unlock massive opportunities in solar, wind, biomass, and newer technologies like green hydrogen and pumped storage systems.

Energy minister Bijendra Prasad Yadav formally launched the two policies in the presence of industries minister Nitish Mishra, additional chief secretary of the industries department Mihir Kumar Singh, energy secretary Manoj Kumar Singh, and the managing director of Bihar State Power Generation Company Ltd (BSPGCL) Mahendra Kumar. Several industry leaders and public sector representatives were also present.

Among the MoUs signed, the BSPGCL partnered with L&T to establish a 116MW/241 MWh battery energy storage project at Kajra in Lakhisarai with an investment outlay of Rs 837 crore. It also signed an MoU with NTPC Green to develop a 1,000MW battery energy storage system (BESS) with an estimated cost of Rs 1,500 crore.

Separately, the Bihar Renewable Energy Development Agency (BREDA) inked an MoU with Avaada Group to develop 1,000 MW of ground-mounted and floating solar projects, subject to feasibility. BREDA also joined hands with SECI Ltd to set up floating solar and other renewable energy projects, cumulatively valued at Rs 3,000 crore.

Addressing a gathering of representatives from leading renewable energy firms, PSUs and industry stakeholders, energy minister Yadav urged investors to look towards Bihar’s growing potential.

“We want to tap solar energy, a non-conventional source, for Bihar’s development. For this, we have introduced a new policy. The policy is aimed at protecting our future generations. We need investment in the renewable energy sector for the country’s development and the creation of employment opportunities,” Yadav said.

He added, “We must reduce carbon emissions to mitigate the effects of global warming and safeguard human lives.”

Urging industry not to be swayed by isolated incidents of crime, Yadav said, “Come and invest in Bihar. If required, we are open to amending the policy in future. Don’t judge the state by a few incidents. Bihar has made significant progress.”

Reference : https://timesofindia.indiatimes.com/city/patna/govt-signs-mous-worth-rs5k-cr-to-develop-2357mw-green-power/articleshow/122924941.cms?utm_

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