SJVN Limited, a Navratna CPSE, has signed two key Memorandums of Understanding (MoUs) with the Government of Maharashtra for the development of Pumped Storage Projects (PSPs) and Floating Solar Projects (FSPs). The agreements were formalized in Mumbai, attended by Hon’ble Deputy Chief Minister and Energy Minister Sh. Devendra Fadnavis.
The first MoU involves the creation of five PSPs with a total capacity of 8,100 MW, signed by SJVN’s Chairman Sh. Sushil Sharma and Sh. Deepak Kapoor (IAS) from the Water Resources Department. The second MoU focuses on a 505 MW Floating Solar Project at Lower Wardha Dam, signed with MAHAGENCO’s CMD Dr. P. Anbalagan.
The Deputy Chief Minister expressed strong support for the projects, highlighting their significance for Maharashtra’s energy infrastructure. The Floating Solar Project will be developed in two phases: 100 MW and 405 MW.
The total investment for these initiatives is estimated at ₹48,000 crores, creating approximately 8,400 jobs and fostering eco-tourism and skill development in local communities.