On Tuesday, the government of Maharashtra inked MoUs with two Bajaj Group companies, NTPC Limited and Lalitpur Power Generation Company Limited, to build power plants with a combined 25,400 MW of generation capacity.
The government of the state claims that more than 1.23 lakh jobs will be created as a result of the planned projects, which are expected to attract an estimated investment of Rs 6.5 lakh crore.
The developers will conduct field surveys and due diligence to finalise the project locations in Ratnagiri and Sindhudurg districts, according to Renewable Energy Minister Atul Save.
Based on findings from detailed project reports, he said that the companies could adopt technologies such as Small Modular Reactors (SMRs), Pressurised Heavy Water Reactors, Light Water Reactors, or Fast Breeder Reactors.
According to Save, Maharashtra’s plan is in line with the federal government’s objective of increasing nuclear power capacity by 1,000 MW by 2047. This will help India achieve its Viksit Bharat vision and long-term goal of having no net emissions by 2070.
Joint ventures with a combined generating capacity of 25,400 MW will be developed with today’s MoUs. “All the necessary support, including clearances and approvals, will be provided by the government,” he announced.
Projects with a combined capacity of 7,200 MW will be established with an investment of Rs 1 lakh crore by the state-run NTPC, which will create approximately 5,000 jobs, according to the Chief Minister’s Office.
In Maharashtra, the Bajaj Group’s Lalitpur Power Generation Company Limited intends to build 5,000 MW of generating capacity and generate approximately 3,000 employment opportunities with an investment of 2 lakh crore rupees.
Investments in renewable energy, according to Chief Minister Devendra Fadnavis, will help India achieve its goal of becoming an energy surplus nation.
Prime Minister Modi has declared an objective to end India’s carbon emissions and turn the country into an energy surplus. According to Fadnavis, during the MoU signing ceremony, Maharashtra is doing all in its power to help achieve this goal.
He emphasised nuclear power as an important component of renewable energy and promised complete state backing to businesses investing in the nuclear power sector in Maharashtra.
Fadnavis urged businesses to speed up project implementation and site surveys, saying that investments in the sector would increase the capacity of Maharashtra to generate power and create a lot of jobs.
The proposed SHANTI Act, which would replace the Atomic Energy Act of 1962, is said by a government official to be an effort to open up India’s nuclear sector to private investment and international cooperation.
A more transparent framework for FDI and updated supplier liability provisions to entice global technology providers are anticipated outcomes of the proposed legislation, according to the official.
IMage Credit: The Tribune India
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