SJVN Signs ₹48,000 Crore Agreements with Maharashtra for Pumped Storage and Floating Solar Projects

State-owned SJVN has signed two initial agreements with the Maharashtra government to invest ₹48,000 crore in developing pumped storage and floating solar projects in the state. The first agreement is a Memorandum of Understanding (MoU) with the Department of Water Resources, focusing on the development of five pumped storage projects (PSPs) with a total capacity of 8,100 MW. These include the 800 MW Kolmondapada, 1,500 MW Sidgarh, 2,000 MW Chornai, 1,800 MW Baitarni, and 2,000 MW Jalvara. The second agreement is with Maharashtra State Power Generation Company (MAHAGENCO) for a 505 MW floating solar project at the Lower Wardha Dam, which will be executed in two phases, starting with a 100 MW phase. These projects are expected to create around 8,400 direct and indirect employment opportunities.