SJVN Ltd and Maharashtra Government Collaborate on 8.1 GW Pumped Storage and 505 MW Floating Solar Projects for Sustainable Energy Growth

In a significant move towards enhancing renewable energy infrastructure, SJVN Ltd, a state-run hydropower producer, has partnered with the Government of Maharashtra through two pivotal Memorandums of Understanding (MoUs). These agreements aim to develop an impressive 8.1 GW of pumped storage projects and a 505 MW floating solar project within the state.

The initial MoU, signed with the Department of Water Resources, focuses on the establishment of five pumped storage projects, collectively amounting to 8.1 GW. These projects are designed to bolster Maharashtra’s energy capacity, facilitating better energy storage and grid stability to meet rising electricity demand.

Simultaneously, the second MoU, inked with Maharashtra State Power Generation Co. (MAHAGENCO), targets the development of a 505 MW floating solar project at Lower Wardha Dam. This initiative will unfold in two phases, commencing with a 100 MW installation, followed by a larger 405 MW phase. The phased approach is intended to optimize the use of existing power evacuation infrastructure, ensuring a consistent and sustainable energy source for the region.

The pumped storage projects, which include the Kolmondapada (800 MW), Sidgarh (1,500 MW), Chornai (2,000 MW), Baitarni (1,800 MW), and Jalvara (2,000 MW), are anticipated to significantly enhance energy storage capabilities and contribute to grid stabilization.

SJVN emphasized that these projects will facilitate comprehensive surveys, investigations, and the preparation of detailed project reports, enabling timely implementation in accordance with governmental policies. The anticipated investment for these renewable initiatives is projected to reach INR 48,000 crore, creating approximately 8,400 direct and indirect job opportunities. Additionally, the projects are expected to promote eco-tourism and skill development in local communities, thereby supporting sustainable development in Maharashtra.

This strategic collaboration not only aligns with the state’s commitment to renewable energy but also positions SJVN as a key player in advancing clean energy solutions in India.