Get all your news in one place.
100’s of premium titles.
One app.
Start reading
The Hindu
The Hindu
National
PTI

Maharashtra signs deal with Adani Energy for 11000 MW green power generation

The Maharashtra government's Energy department on Tuesday signed a Memorandum of Understanding with Adani Green Energy Group Ltd (AGEL) to generate 11000 MW green power in the next five years.

It would entail an investment of ₹60,000 crore and provide employment to 30,000 persons, a statement from the government said.

According to the agreement, AGEL will set up Pumped Storage Projects (PSP) in the next four to five years, through which about 11,000 MW power will be generated, said a statement issued by the state energy department.

Non-conventional energy sources

The state will reap many benefits from PSPs which will generate or store electricity with the help of non-conventional energy sources, it said, adding that they will be especially useful for immediate power generation in case of shortage.

The MoU was signed by Narayan Karad, Deputy Secretary, Department of Energy, Maharashtra and Ajit Barodia, Senior Vice President, Adani Industries Group.

Under secretary Nanasaheb Dhone and Associate Vice-President of AGEL Akshay Mathur were also present on the occasion.

The MoU was signed with AGEL in the presence of Energy Minister Dr. Nitin Raut and Principal Secretary for Energy, Dinesh Waghmare.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.