Maharashtra govt signs Rs 50,000 crore MoU in Davos for investments in renewable energy

A memorandum of understanding (MoU) for investments worth Rs 50,000 crore in the renewable energy sector was signed between Maharashtra State Electricity Distribution Company Limited (MSEDCL) and Gurgaon-based Renew Power Private Limited at the World Economic Forum in Davos, Energy Minister Nitin Raut has announced on Twitter.

The investment, set to be made over the next seven years, would provide employment to 30,000 people, said the minister who is attending the WEF annual summit. The MoU was signed between CMD of MSEDCL Vijay Singhal and his counterpart of Renew Power Sumant Sinha in the presence of Raut and Environment Minister Aditya Thackeray.