Odisha Clears Rs.4,671 Cr Investment For 749.9 MW Renewable Projects

Odisha Clears Rs.4,671 Cr Investment For 749.9 MW Renewable Projects

Single Window Committee (SWC) of Odisha’s Energy Department granted in-principle approval for renewable energy projects worth Rs.4,671.81 crore. A major decision, the move helps to advance the state toward a green energy future.

The approvals were granted in the 7th meeting of SWC. The total capacity of the renewable energy projects approved is 749.9 MW. The largest among them is a 600 MW Pumped Storage Plant (PSP) by OHPC in Kalahandi District. Three wind power projects amounting to 148.5 MW by ONGC Tripura Power Company Ltd (OTPCL) have been cleared too. They will be set up in Nawarangpur, Khordha, and Jagatsinghpur districts. A 1.4 MW rooftop solar project in Patia, Bhubaneswar, has got the nod too.

Odisha’s Energy Department, with the nodal agency GRIDCO, has vowed to step up pace in the renewable energy developmental activities across the state. To date, the SWC has cleared investment proposals of Rs. 8,395.38 crore, covering a total capacity of 1,249.38 MW in the renewable energy sector.

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These new projects will go a long way in achieving Odisha’s renewable energy goal of achieving 10 GW by 2030.

Setting the right goals for future investment in Odisha’s energy landscape, Principal Secretary to the Odisha Government’s Energy Department, Hemant Sharma chaired the meeting underlining these investments into a new phase for the state.

The green energy initiatives of the state envision clean energy infrastructures bringing a cleaner future to its people.

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In that sense, these efforts underpin the commitment by the state to its low-carbon economy, a resolve it reflects into one with global efforts on climate change-cutting through a transformation into an independent energy state.