Latest news with #MAHAGENCO
The Print
30-04-2025
- Business
- The Print
Avaada Group, Maharashtra govt ink pact to set up 3,600 MW pumped storage projects at Rs 15,100 cr
These pumped storage initiatives will play a critical role in strengthening Maharashtra's energy security by enabling round-the-clock renewable power, supporting grid balancing, and ensuring seamless integration of clean energy into the state's power mix, the company said. The two major pumped storage hydro projects — 2,400 MW Pawana Falyan and 1,200 MW Sirsala — will see a cumulative investment of Rs 15,100 crore. The projects are expected to generate over 3,800 direct employment opportunities, the company said in a statement. New Delhi/Mumbai, Apr 29 (PTI) Avaada Group on Tuesday said it has signed an initial pact with the Maharashtra government for development of two pumped storage projects in the state, having a combined capacity of 3,600 MW. Maharashtra Chief Minister Devendra Fadnavis emphasised the state's commitment to becoming the clean energy capital of India. Fadnavis said, 'Maharashtra aims to become the Green Energy Hub of India. All signed MoUs (memoranda of understanding) must translate into swift execution on the ground, and the government will ensure complete support to developers to fast-track these transformational projects.' Vineet Mittal, Chairman of Avaada Group, said, 'This agreement is a decisive step towards securing India's clean energy future. Pumped storage solutions are pivotal for maintaining grid reliability and ensuring renewable energy availability round-the-clock.' In a post on X, CM Fadnavis said the MoU was signed between the Water Resources Department, MAHAGENCO (Maharashtra State Power Generation Company), MAHAREL (Mahagenco Renewable Ltd, a subsidiary of MAHAGENCO) and the Avaada Group for pumped storage projects. These MoUs will enable the generation of 8,905 MW of electricity, attract investments worth Rs 57,260 crore, and create approximately 9,200 employment opportunities. MAHAGENCO will develop pumped storage projects at Ghatghar (125 MW), Kodali (220 MW), Varasgaon (1,200 MW) and Panshet (1,600 MW). MAHAGENCO Renewable Energy Limited will set up additional projects at Muthkhed (110 MW), Nive (1,200 MW) and Varandha Ghat (800 MW). Additionally, Avaada Aqua Batteries will establish projects at Pawana-Falyan (2,400 MW) and Sirsala (1,250 MW), Fadnavis said. 'The pumped storage hydropower projects are an advanced technology in the field of renewable energy. These projects will help meet the electricity needs of agriculture, industry and commercial sectors, while also promoting environmental conservation. The government aims to generate 50 per cent of the state's total energy capacity from renewable sources,' the CM said. PTI ABI SHW PR NP This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
&w=3840&q=100)
Business Standard
23-04-2025
- Business
- Business Standard
Vikram Solar bags 150 MW solar module supply deal from Maharashtra Power Co
Vikram Solar on Wednesday said it has secured a 150 MW solar module supply order from Maharashtra State Power Generation Co Ltd. The leading solar PV module manufacturer in a statement said it has bagged an order for a major renewable power project of 150 MW from Maharashtra State Power Generation Co Ltd (MAHAGENCO), a government of Maharashtra undertaking. The company will provide 150 MW of advanced N-Type Modules. The modules will be supplied in the districts of Jalgaon and Solapur in the state of Maharashtra to MAHAGENCO under Mukhyamantri Saur Krushi Vahini Yojana (MSKVY) project 2.0. The order reinforces the Kolkata-headquartered company's standing as one of the premier names in India's Approved List of Models and Manufacturers (ALMM) list, the statement said. "We are proud to have secured this order, which marks another step forward in our mission to power a greener India through high-efficiency solar solutions. The trust placed in Vikram Solar is a reflection of our commitment to quality, innovation, and sustainability," said Gyanesh Chaudhary, Chairman & Managing Director, Vikram Solar. Chaudhary further noted that "as we continue to expand our presence in key markets, such as Maharashtra, our focus remains on delivering value and excellence to our partners and communities. We view Maharashtra as a high-potential market with a rapidly growing appetite for renewable energy, and we remain optimistic about the region's accelerating demand trajectory." The implementation of this project is anticipated to boost the region's renewable energy capacity, support the reduction of carbon emissions, and advance environmental sustainability, the company added. (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.)
Time of India
23-04-2025
- Business
- Time of India
Vikram Solar secures 150 MW order in Maharashtra
Vikram Solar , a solar PV module manufacturers, on Wednesday announced the receipt of an order for a renewable power project of 150 MW capacity from Maharashtra State Power Generation Co. Ltd (MAHAGENCO), a government of Maharashtra undertaking. 'As we continue to expand our presence in key markets, such as Maharashtra, our focus remains on delivering value and excellence to our partners and communities. We view Maharashtra as a high-potential market with a rapidly growing appetite for renewable energy, and we remain optimistic about the region's accelerating demand trajectory,' said Gyanesh Chaudhary, Chairman & Managing Director, Vikram Solar. According to the official press release, the strategic order will see Vikram Solar deliver high-efficiency solar modules adding to its project portfolio. It added that the modules will be supplied in the districts of Jalgaon and Solapur in Maharashtra to MAHAGENCO under the Mukhyamantri Saur Krushi Vahini Yojana project 2.0. The commencement of the order delivery is set to be in the FY25-26. The implementation of this project is anticipated to boost the region's renewable energy capacity, support the reduction of carbon emissions, and advance environmental sustainability .
