SJVN Signs Two Major MoUs with Government of Maharashtra for Renewable Energy Projects

Shimla, September 26, 2024: SJVN Limited, a Navratna Central Public Sector Enterprise (CPSE), has taken a significant step forward in its renewable energy journey by signing two key Memorandums of Understanding (MoUs) with the Government of Maharashtra for the development of Pumped Storage Projects (PSPs) and Floating Solar Projects (FSPs) in the state. These strategic agreements were formalized today in Mumbai, with the presence of Maharashtra’s Hon’ble Deputy Chief Minister and Energy Minister, Shri Devendra Fadnavis, who praised the initiative and pledged the state government’s full support for the timely implementation of these projects.

Details of the MoUs

Development of Pumped Storage Projects (PSPs)

The first MoU, signed between SJVN and the Department of Water Resources, Government of Maharashtra, encompasses the development of five Pumped Storage Projects with a total capacity of 8100 MW. This agreement was signed by SJVN’s Chairman and Managing Director, Shri Sushil Sharma, and Shri Deepak Kapoor (IAS), Additional Chief Secretary, Water Resources Department, Government of Maharashtra.The five PSPs include the following projects:

• Kolmondapada: 800 MW

• Sidgarh: 1500 MW

• Chornai: 2000 MW

• Baitarni: 1800 MW

• Jalvara: 2000 MW

These projects will enable SJVN to conduct surveys, investigations, and the preparation of Detailed Project Reports (DPRs) for establishing these PSPs in a time-bound manner as per the prevailing rules, policies, and schemes of the Central and State Governments. The pumped storage projects will play a critical role in ensuring energy storage, grid stabilization, and meeting peak electricity demand, while also providing reliable and clean energy to Maharashtra.

Development of a Floating Solar Project

The second MoU was signed between SJVN and the Maharashtra State Power Generation Company (MAHAGENCO) for the development of a 505 MW Floating Solar Project at the Lower Wardha Dam in Maharashtra. This agreement was formalized by Shri Sushil Sharma, CMD of SJVN, and Dr. P. Anbalagan (IAS), CMD of MAHAGENCO. The Floating Solar Project will be developed in two phases:

• Phase I: 100 MW

• Phase II: 405 MW

This phased development will ensure the optimal use of existing power evacuation infrastructure and provide a sustainable, reliable energy source for the region.

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