Maharashtra govt signs Rs 50,000 crore MoU in Davos for investments in renewable energy

ऊर्जा क्षेत्रात मोठी गुंतवणूक खेचून आणण्याच्या माझ्या व उर्जा विभागाच्या प्रयत्नांना मोठे यश लाभले असून अपारंपरिक ऊर्जा क्षेत्रात ५० हजार कोटींची गुंतवणूक आकर्षित करण्यात आम्ही यशस्वी झालो आहोत.रिन्यू पॉवर लिमिटेडतर्फे ही गुंतवणूक केली जाणार आहे.#WEF@INCMaharashtra @MSEDCL pic.twitter.com/H9NHmcHb8I

— Dr. Nitin Raut 🇮🇳 (@NitinRaut_INC) May 24, 2022

The investment, set to be made over the next seven years, would provide employment to 30,000 people, said the minister who is attending the WEF annual summit. The MoU was signed between CMD of MSEDCL Vijay Singhal and his counterpart of Renew Power Sumant Sinha in the presence of Raut and Environment Minister Aditya Thackeray.

“This agreement is a great achievement for the state of Maharashtra and MSEDCL. We are happy that we have been successful in attracting thousands of crores of investment in the state,” said Raut.

Under the agreement, Renew Power will supply 200 MW of power to the state through solar, wind, hybrid, battery storage, hydrogen and other options.

The Maharashtra government would provide all the necessary permits, registration process, approvals for the project through a single-window system as per the rules and policies of the state government.