Odisha signs MoUs with six firms for renewable energy projects
Author: PPD Team Date: January 31, 2025
Odisha has secured investment proposals worth Rs 4,330 billion in the renewable energy sector during the ‘Utkarsh Odisha – Make in Odisha Conclave 2025.’
On the second day of the event, the Sectoral Session on ‘Renewable Energy for Viksit Odisha’ resulted in significant Memorandums of Understanding (MoUs) to strengthen the state’s clean energy infrastructure.
Six firms—Mahanadi Coalfields Limited (MCL), NLC India Limited, Indian Oil Corporation Limited (IOCL), Hindustan Petroleum Corporation Limited (HPCL), ONGC Tripura Power Company Limited, and REC Power Development and Consultancy Limited (REC PDCL)—signed MoUs to develop solar, wind, pumped storage hydro (PSP), battery energy storage systems (BESS), and compressed biogas (CBG) projects.
State IT Minister Mukesh Mahaling outlined Odisha’s vision to become a USD 500 billion economy by 2036 and a USD 1.5 trillion economy by 2047.
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