The Uttarakhand government has signed a Memorandum of Understanding (MoU) worth Rs 15,000 crores with JSW Neo Energy – EQ
In Short : The Uttarakhand government has signed a Memorandum of Understanding (MoU) worth Rs 15,000 crores with JSW Neo Energy. This significant agreement underscores the state’s commitment to advancing renewable energy initiatives. The collaboration with JSW Neo Energy is expected to bring substantial investments into the state, fostering clean energy projects and contributing to Uttarakhand’s sustainable development goals.
In Detail : 2 pumped storages of 1500 MW will be developed in Almora by JSW Neo Energy Limited
An MOU worth Rs 15,000 crore was signed between Uttarakhand Government and JSW Neo Energy Limited on the occasion of the road show of Global Investor Summit 2023 in New Delhi on Wednesday, in the presence of Chief Minister Pushkar Singh Dhami.
Under the MOU, 2 pumped storages of 1500 MW will be developed in Almora. Along with this, Chief Minister Pushkar Singh Dhami expected cooperation in the field of pump storage plant, cement, sports, training centre, drinking water, restoration and beautification of temples of Kumaon (Manaskhand Temple Mala under CSR) in Uttarakhand.
Under the MOU, JSW Energy will plan to set up 2 self-identified pumped storage projects at Almora of 1500 MW capacity, which will be developed over the next 5-6 years. The scheme is proposed to have lower dam/reservoir at a distance of 8-10 km from Kosi river at Site 1 in Joskote village of Almora and upper reservoir at Site 2 at Kurchaun village of Almora at a distance of 16 km from Kosi river. This scheme will provide drinking water supply to a large population and irrigation facilities for agriculture. Along with this, this scheme will provide employment opportunities to 1000 people.
It is noteworthy that the State Government has prepared Uttarakhand Pumped Storage Project Policy to promote the development of PSP in the state, which provides major incentives to developers.
During the MOU, Secretary Dr Meenakshi Sundaram, Shri Vinay Shankar Pandey, MD SIDCUL Shri Rohit Meena and Director of JSW Neo Energy Limited Shri Gyan Badr Kumar were present.
