Odisha Renewable Energy Policy- 2022: Government signs 3 MoUs worth Rs 51,000 cr

The MoUs are expected to generate 1200 direct and 2600 indirect employment in the State. 

Bhubaneswar: With an aim to add 10,000 MW renewable energy capacity in the State, the Odisha Government  released the Renewable Energy Policy -2022 on the first day of the Make in Odisha conclave whose third edition is currently underway.

Making the announcement in his key note address at a business leadership talk themed “Towards Greener Energy” organised by the Energy Department, Minister of Energy, Industries and MSME Pratap Keshari Dev said the OREP-2022 will also provide multiple incentives for development of renewable energy projects in the State. The Department has also executed three Memorandum of Understanding (MoU) with leading CPSUs for an investment worth Rs 51,000 crore.

The first was executed between GRIDCO and NTPC Green Energy for development of large-scale on-ground solar, floating solar  and pumped solar projects in the State. In the first phase, 1000 MW pumped storage hydro and 2000 MW solar projects will be developed with Rs 17,000 crore investment.

The second was executed between GRIDCO and SJVN Ltd for development of 2000 MW pumped storage hydro project and 2000 MW ground based  and floating solar projects with cumulative investment of Rs 30,000 croreThe third was 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. The MoUs are expected to generate 1200 direct and 2600 indirect employment in the State.


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