The Maharashtra government on Tuesday signed memoranda of understanding (MoUs) with four companies, including Adani Power and Reliance Industries, to attract investments worth Rs 6.5 lakh crore in the state's nuclear energy sector. The projects are expected to generate 25,400 MW of power and create 1,23,500 jobs.
The state government signed the agreements with NTPC Limited, Adani Power Limited, Reliance Industries Limited and Lalitpur Power Generation Company Limited at a meeting presided over by Chief Minister Devendra Fadnavis at Mantralaya.
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"Prime Minister Narendra Modi has set a goal of making India an energy-rich nation and achieving zero carbon emissions. Maharashtra is making every possible effort to fulfil this objective. Investments coming into the state's clean energy sector will certainly strengthen the country's journey towards becoming an energy-rich nation," Fadnavis said in a statement.
Nuclear energy was a crucial component of clean energy generation, and Maharashtra had significant opportunities in the sector, he said. "This investment will not only boost power generation in the state but also create substantial employment opportunities. Maharashtra will continue to remain at the forefront of clean energy generation in the country."
Under the MoU, Reliance Industries Limited will invest Rs 8,000 crore to Rs 2 lakh crore for setting up Bharat Small Reactors or Small Modular Reactor (SMR)/Nuclear Power Reactors at Purnagadh in Ratnagiri. The facility is said to possess 7,200 MW of nuclear power capacity.
Adani Power Limited will invest Rs 1.5 lakh crore to set up a nuclear power plant at Barsu in Ratnagiri with a capacity of 6,000 MW.
NTPC Limited has committed to invest Rs 1 lakh crore to establish 7,200 MW of capacity, creating around 5,000 jobs.
Lalitpur Power Generation Company Limited, part of the Bajaj Group, will invest Rs 2 lakh crore to build 5,000 MW of capacity and generate about 3,000 jobs.
(With inputs from PTI)
