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Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Odisha

Energy Dept Approves Rs 556.49 Cr Investment In Renewable Energy Sector

OMMCOM NEWS by OMMCOM NEWS
March 16, 2024
in Odisha

Bhubaneswar: In an encouraging move towards a sustainable energy future, the Single Window Committee (SWC) of the Energy Department approved investment proposals totalling Rs.556.49 crores with 82.42 MW power generation in the Renewable Energy Sector. According to an official press release, this significant funding is dedicated to establishing transformative green energy projects, demonstrating the state’s unwavering commitment to achieving its Net Zero target.

The SWC was chaired by the Principal Secretary, Energy Department, Government of Odisha,  Vishal Kumar Dev.

The 5th SWC’s approval today includes a 10 MW ground-mounted solar project by ITC Ltd., a 7.92 MW ground-mounted solar project by Tata Steel Ltd. and a 5 MW ground-mounted solar project by MGM Green Energy Ltd., which will add to the State’s Solar energy capacity.

Similarly, a significant leap towards harnessing hydroelectric power is marked by the approval of the 10 MW SHEP by the state-owned PSU, GEDCOL in a joint venture with CPSU, SAIL.

Further, 1st Wind Power project of the State with the capacity of 49.5 MW by M/s. JSW Neo Energy Limited was approved by the Committee.

Till date, SWC of Energy Department has approved investment proposals totalling Rs. 3,129.54 crore with 397.26 MW generation in the Renewable Energy Sector under the Odisha Renewable Energy Policy, 2022.

Tags: Energy departmentRenewable Energy SectorVishal Kumar Dev
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