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The Maharashtra government and power major JWS Energy Ltd signed two MoUs to set up two green projects worth Rs 35,500 crore.
The agreement is part of the slew of initiatives under the state government’s Magnetic Maharashtra 2.0 initiative, started last year, to focus on stimulating investment and growth.
“The two new projects will supply cheap and green renewable power round the clock, and help Maharashtra reduce its dependence on non-renewable sources of energy,” said Industry Minister, Subhash Desai.
The projects are slated to kick off in 18 months and are expected to generate 6,500 MW clean energy in northern and western Maharashtra.
“The aim is to rapidly move toward a more sustainable environment by reducing carbon footprint and tackling global warming,” Desai added.
The investment inflow from JSW will account for a considerable increase in renewable energy sources within Maharashtra. The projects promise to be an employment generator for around 10,000 people and “bring socio-economic development of the area by promoting eco-tourism, skill development and service sector,” the statement noted.