The Maharashtra government and JSW Energy have signed two memoranda of understanding (MoUs) to set up two green projects worth Rs 35,500 crore to generate 6,500 MW of clean energy in Northern and Western Maharashtra.
This will comprise 1,500 MW hydro-based power project in Nashik and 5,000 MW wind power project spread across 1,870 ha in Kolhapur, Solapur, Satara and Osmanabad. The project would be set up within 18 months.
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.
JSW Energy is the power arm of business conglomerate JSW Group, which has 4,559 MW of operational thermal, hydro and solar energy capacity.
The investment inflow from JSW will account for a considerable increase in renewable energy sources within the state and provide employment to over 10,000 people, besides giving a fillip to the social-economical-tourism development in these areas.