Maharashtra signs MoU with Adani Energy for 11000 MW 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.

Uddhav Thackeray
Maharashtra govt
Press Trust of India Mumbai
1 min read Last Updated : Jun 29 2022 | 7:35 AM IST

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 Rs 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.

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 AGELin the presence of Energy Minister Dr Nitin Raut and Principal Secretary for Energy, Dinesh Waghmare.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Maharashtra governmentAdani GroupPower generation

First Published: Jun 29 2022 | 7:34 AM IST

Next Story