|

Fadnavis announces scheme allowing farmers to sell surplus solar power to grid

India, News

Maharashtra’s Deputy Chief Minister Devendra Fadnavis announced a new scheme that will allow farmers to sell surplus electricity generated from their solar pump panels to the grid, offering them an additional source of income.  He noted that before 2014, farmers faced difficulties in obtaining electricity connections, but the current administration has prioritised addressing this issue. Under the ‘Magel Tyala Solar Krushi Pump Scheme,’ farmers now receive solar pumps with a 90% subsidy, ensuring reliable daytime…

|

Avaada lays foundation stone for Rs 136.5 billion plant in Nagpur

India, News

Avaada Group has laid the foundation stone for a Rs 136.5 billion manufacturing facility at Addl. Butibori Industrial Park in Nagpur. The project, aimed at boosting India’s renewable energy capabilities, will create over 5,000 jobs and support the country’s goal to cut carbon emissions by 50% by 2030. The plant, inaugurated by Maharashtra Deputy Chief Minister Devendra Fadnavis, will focus on the solar value chain, including ingot-wafer, PV cells, and modules, as well as next-generation…

|

Maharashtra signs Rs 475 billion MoUs for renewable energy projects

India, News

The Maharashtra government has signed MoUs with four companies worth Rs 475 billion to develop renewable energy projects, in line with the state’s goal to achieve 50% renewable energy by 2030. These projects are expected to create 18,828 jobs, as announced by Deputy Chief Minister Devendra Fadnavis. The companies involved include SJVN, MahaGenco Renewable Energy Ltd, RECPDCL, THDC, and HPRGE-HPCL. Key projects under these agreements include: RECPDCL: A 500 MW hybrid project with an investment…

|

Megha Engineering to set up two hydro projects in Rs 210 billion

India, News

Megha Engineering & Infrastructures Ltd (MEIL) has committed an investment of Rs 210 billion to develop two pumped storage hydro projects in Maharashtra, with a combined capacity of 4,000 MW. The projects include the Kamod pumped storage project in Nandurbar and the Ghosla pumped storage project in Chhatrapati Sambhajinagar, both to be executed under the build-operate-maintain (BOM) model. The MoU for these projects was signed with the Water Resources Department (WRD), Maharashtra, in the presence…

|

Welspun signs MoU for 1.2 GW pumped hydro storage project in Maharashtra

India, News

Welspun New Energy has signed a memorandum of understanding (MoU) with the Maharashtra government for the construction of the 1.2 GW ‘Dhamni Pumped Hydro Project’. The Rs 50 billion project will be located in Pune and Raigad districts and is expected to be completed within six to seven years. The MoU, signed in Mumbai on 3 August 2024 in the presence of Deputy Chief Minister Devendra Fadnavis, focuses on providing long-duration energy storage to balance…

|

Maharashtra to provide farmers with free daytime electricity

India, News

Deputy Chief Minister Devendra Fadnavis has announced that farmers in Maharashtra will receive free electricity during the daytime once the state government completes a 1,200 MW solar power project. The project, expected to be completed within 18 months, will also save the state government Rs 10 billion. Speaking to farmers in Chimur tehsil, Fadnavis assured that once the project is operational, farmers will have access to 12 hours of free electricity every day throughout the…

|

Maharashtra to boost solar capacity by 9,200 MW within 14 months

India, News

Maharashtra plans to increase its solar energy capacity by 9,200 MW, raising its total from 3,600 MW to 12,800 MW within the next 14 months. State Power Minister Devendra Fadnavis announced the work orders under the Mukhyamantri Saur Krushi Vahini Yojana-2.0, India’s first solarization project for agricultural pumps. The initiative aims to halve power costs for agricultural pumps, reduce cross-subsidy burdens, lower tariffs for industrial and commercial users, and cut government subsidy expenses by about…