In a boost to investment in Maharashtra during the pandemic, the state government’s Industry Department on Tuesday signed two MoUs under the Magnetic Maharashtra 2.0 initiative with JSW, worth Rs 35,500 crore in the renewable energy sector.
JSW Energy Ltd is the power business arm of JSW Group, a leading business conglomerate in India with 4,559 MW of operational thermal, hydro and solar power capacity, and is the largest independent Hydro Power Producer (IPP) in the country.
As per the MoUs, the company plans to invest Rs 35,500 crore in the state by setting up a hydro-based power project of 1,500 MW power generation in villages like Jammde, Kalbhonde and Kothale near Igatpuri in Nashik district, and wind power
