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Sjvn & Mahagenco Enters Into An Mou To Develop 5000 Mw Renewable Energy Projects In Maharashtra

Sjvn & Mahagenco Enters Into An Mou To Develop 5000 Mw Renewable Energy Projects In Maharashtra
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SJVN share price: SJVN shares gain 6% after signing MoU to develop 5000 MW renewable energy project

SJVN signed an MoU with Maharashtra State Power Generation Company (MAHAGENCO) for the development of a 5,000 MW renewable energy project including hydro, pumped storage, wind, solar, hybrid and green hydrogen. MAHAGENCO and SJVN will also jointly participate in tenders floated by the Government of Maharashtra for the renovation and modernization of small hydro-power stations operated by MAHAGENCO. SJVN now has a project portfolio of 54,065 MW, with 2,091.5 MW under operation, while the remainder is in various developmental stages, with a target of reaching 5,000 MW by 2023-24, 25,000 MW by 2030 and 50,000 MW by 2040.

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