Latest news with #MukhyamantriSaurKrishiVahiniYojana2.0
Time of India
15 hours ago
- Business
- Time of India
MSEDCL plans ₹20,000 crore battery storage project for 16,000MW solar power
In a major push for renewable energy integration, the Maharashtra State Electricity Distribution Company Ltd (MSEDCL) is planning a Rs20,000 crore project to set up battery-based storage units for 16,000MW that will be generated through solar power. To make the ambitious project financially viable, MSEDCL has sought viability gap funding ( VGF ) from the Central govt. The storage units are aimed at conserving surplus solar energy for use during peak demand hours in the night. A senior MSEDCL official confirmed that the proposal seeking subsidy has already been sent to the Central govt. MSEDCL is currently implementing Mukhyamantri Saur Krishi Vahini Yojana 2.0, under which several solar parks are being constructed across the state to generate 16,000MW. The project deadline is 2026. However, MSEDCL sources said that currently, there is no facility to store the excess generated power at this level. To store the excess power, MSEDCL is going for a Battery Energy Storage System (BESS), for which it has also received approval from the Maharashtra Electricity Regulatory Commission ( MERC ). A small contract has been awarded to a private firm. According to MSEDCL sources, the firm is now building storage facilities using BESS at 75 substations of the discom. "Excess solar power will be stored at these locations and later used during high demand. This power will be bought by MSEDCL from the firm at a lower cost," said the sources. The first such project is being implemented for 750MW, for which 1,500MWh capacity needs to be built. MSEDCL sources also said that setting up the battery unit for 1MW costs around Rs1.25 crore and requires a 2MWh capacity. "So, for setting up storage units for 16,000MW, it will cost around Rs20,000 crore. The Central govt provides around Rs27 lakh per MWh, while the rest needs to be raised by the firms which bag the contracts. However, we have sent the subsidy proposal, and the Central govt will think over it," said the official. In the contract already issued, the Central govt has given a subsidy for 500MWh, while the subsidy for 1,000MWh is pending. MSEDCL, however, wants to implement it on a large scale, so they have sent the proposal to the Central govt. "If the subsidy is secured, then tenders will be floated, and different companies can bid for it. The firms will be provided a subsidy, and to recover the remaining money, they will sell the power to MSEDCL, which too will benefit because of the low cost of power," said MSEDCL sources.
Time of India
2 days ago
- Business
- Time of India
MSEDCL Plans Rs20,000 Crore Battery Storage Project for 16,000MW Solar Power
Nagpur: In a major push for renewable energy integration, the Maharashtra State Electricity Distribution Company Ltd (MSEDCL) is planning a Rs20,000 crore project to set up battery-based storage units for 16,000MW that will be generated through solar power. Tired of too many ads? go ad free now To make the ambitious project financially viable, MSEDCL has sought viability gap funding (VGF) from the Central govt. The storage units are aimed at conserving surplus solar energy for use during peak demand hours in the night. A senior MSEDCL official confirmed that the proposal seeking subsidy has already been sent to the Central govt. MSEDCL is currently implementing Mukhyamantri Saur Krishi Vahini Yojana 2.0, under which several solar parks are being constructed across the state to generate 16,000MW. The project deadline is 2026. However, MSEDCL sources said that currently, there is no facility to store the excess generated power at this level. To store the excess power, MSEDCL is going for a Battery Energy Storage System (BESS), for which it has also received approval from the Maharashtra Electricity Regulatory Commission (MERC). A small contract has been awarded to a private firm. According to MSEDCL sources, the firm is now building storage facilities using BESS at 75 substations of the discom. "Excess solar power will be stored at these locations and later used during high demand. This power will be bought by MSEDCL from the firm at a lower cost," said the sources. The first such project is being implemented for 750MW, for which 1,500MWh capacity needs to be built. MSEDCL sources also said that setting up the battery unit for 1MW costs around Rs1.25 crore and requires a 2MWh capacity. "So, for setting up storage units for 16,000MW, it will cost around Rs20,000 crore. Tired of too many ads? go ad free now The Central govt provides around Rs27 lakh per MWh, while the rest needs to be raised by the firms which bag the contracts. However, we have sent the subsidy proposal, and the Central govt will think over it," said the official. In the contract already issued, the Central govt has given a subsidy for 500MWh, while the subsidy for 1,000MWh is pending. MSEDCL, however, wants to implement it on a large scale, so they have sent the proposal to the Central govt. "If the subsidy is secured, then tenders will be floated, and different companies can bid for it. The firms will be provided a subsidy, and to recover the remaining money, they will sell the power to MSEDCL, which too will benefit because of the low cost of power," said MSEDCL sources.
Time of India
25-04-2025
- Business
- Time of India
1,359 MW Solar power generation projects completed, over 2 lakh farmers now get day time power supply: Maha CM
MUMBAI: Solar power generation projects with a capacity of 1,359 MW were completed in the state, due to which 2.14 lakh farmers started getting daytime power supply, announced chief minister Devendra Fadnavis. He congratulated the officials of the Energy Department, District Collectors, and all the concerned officers for the implementation of Mukhyamantri Saur Krishi Vahini Yojana 2.0 (MSKVY 2.0), which is being implemented for daytime supply of electricity to farmers for agricultural pumps. The high-level review meeting was held at Sahyadri Guest House, Mumbai. Under MSKVY 2.0, work is underway on solar power generation projects with a capacity of 15,284 MW in the state. With a total capacity of 16,000 MW, this is the largest decentralised solar power generation project in the world. At present, farmers get electricity in two shifts, day and night, for agricultural pumps. This scheme will meet the farmers' demand for only daytime power supply to pumps. The implementation of the scheme will be completed by September 2026. The scheme was launched by Fadnavis in April 2023. After that, work is underway rapidly to make 40,000 acres of land available for solar power generation projects, issue tenders for solar power generation projects, issue work orders to private developers, and strengthen the electricity grid to efficiently deliver the newly generated power to agricultural pumps. This scheme will involve a private investment of about Rs 65,000 crore and will provide 70,000 jobs in rural areas. In the MSKVY 2.0, electricity will be available to Mahavitaran at an average cost of Rs 3 per unit. This will result in a significant reduction in the subsidy to be given by the state govt to provide free electricity to agricultural pumps. It will also be possible to remove the burden of cross-subsidy on industries. Overall, this is a game-changer scheme for the agriculture and industrial sectors. The central govt appreciated this scheme and instructed other states to follow suit. For this scheme, MSEDCL received around 20 national-level awards, including the National Award from the Indian Smart Grid Forum and the Skoch Award. The CM inaugurated the single window portal prepared for faster implementation of the scheme. He reviewed the administrative and technical difficulties in the implementation of the scheme and instructed all the concerned officers to remove the difficulties on priority. 'There are always complaints about the delay in the implementation of govt schemes. However, this scheme is an example of how if there is a right policy and well-designed scheme, govt schemes are implemented at a fast pace before time,' he said. Under this scheme, solar power generation projects will be set up at various places in the state, and all agricultural feeders will be run on solar energy.
Time of India
25-04-2025
- Business
- Time of India
1,359 MW Solar power generation projects completed, Over 2 lakh farmers now get day time power supply, says Maharashtra CM Devendra Fadnavis
MUMBAI: Solar power generation projects with a capacity of 1,359 MW were completed in the state, due to which 2.14 lakh farmers started getting daytime power supply, announced chief minister Devendra Fadnavis. He congratulated the officials of the Energy Department, District Collectors, and all the concerned officers for the implementation of Mukhyamantri Saur Krishi Vahini Yojana 2.0 (MSKVY 2.0), which is being implemented for daytime supply of electricity to farmers for agricultural pumps. The high-level review meeting was held at Sahyadri Guest House, Mumbai. Under MSKVY 2.0, work is underway on solar power generation projects with a capacity of 15,284 MW in the state. With a total capacity of 16,000 MW, this is the largest decentralised solar power generation project in the world. At present, farmers get electricity in two shifts, day and night, for agricultural pumps. This scheme will meet the farmers' demand for only daytime power supply to pumps. The implementation of the scheme will be completed by September 2026. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Google Brain Co-Founder Andrew Ng, Recommends: Read These 5 Books And Turn Your Life Around Blinkist: Andrew Ng's Reading List Undo The scheme was launched by Fadnavis in April 2023. After that, work is underway rapidly to make 40,000 acres of land available for solar power generation projects, issue tenders for solar power generation projects, issue work orders to private developers, and strengthen the electricity grid to efficiently deliver the newly generated power to agricultural pumps. This scheme will involve a private investment of about Rs 65,000 crore and will provide 70,000 jobs in rural areas. In the MSKVY 2.0, electricity will be available to Mahavitaran at an average cost of Rs 3 per unit. This will result in a significant reduction in the subsidy to be given by the state govt to provide free electricity to agricultural pumps. It will also be possible to remove the burden of cross-subsidy on industries. Overall, this is a game-changer scheme for the agriculture and industrial sectors. The central govt appreciated this scheme and instructed other states to follow suit. For this scheme, MSEDCL received around 20 national-level awards, including the National Award from the Indian Smart Grid Forum and the Skoch Award. The CM inaugurated the single window portal prepared for faster implementation of the scheme. He reviewed the administrative and technical difficulties in the implementation of the scheme and instructed all the concerned officers to remove the difficulties on priority. 'There are always complaints about the delay in the implementation of govt schemes. However, this scheme is an example of how if there is a right policy and well-designed scheme, govt schemes are implemented at a fast pace before time,' he said. Under this scheme, solar power generation projects will be set up at various places in the state, and all agricultural feeders will be run on solar energy.
