Bhubaneswar: The Odisha Renewable Energy Policy-2022 has been released which aims to add of 10,000 MW renewable energy capacity in the State.
Pratap Keshari Dev, minister for Energy, Industries and MSME released the policy at the 3rd Edition of Make in Odisha Conclave.
The Department has executed three Memorandum of Understanding (MoU) with leading CPSUs for an investment of Rs. 51,000 Crores in the State.
The first was executed between GRIDCO and NTPC Green Energy for
development of large scale on-ground Solar, floating Solar and Pumped Storage Projects in the State. In the first phase, 1000 MW Pumped Storage Hydro and 2000 MW Solar projects will be developed with an investment of Rs. 17,000 Crore.
The Second was executed between GRIDCO and SJVN Ltd. for development of 2000 MW Pumped Storage Hydro Project and 2000MW ground based and floating Solar projects with cumulative investment of Rs. 30,000 Crore.
The Third was also executed with NLC for development of large scale on-ground Solar, floating Solar, Pumped Storage Hydro and Green Hydrogen projects in the State. Initially, 600 MW Solar capacity and 5 Million Tonne Green Hydrogen production has been planned with an investment of Rs. 4,000 Crore. These MoUs are expected to generate 1200 direct and 2600 indirect employment in the State.