JSW enters into Rs 35,500 crore MoU with government

MUMBAI: The state-owned JSW has signed an investment agreement worth around Rs 35,500 crore with the state government. The investment will be in hydropower and wind power.

The MoU was signed in the hall of Industry Minister Subhash Desai. Additional Chief Secretary of Industry Department Baldev Singh, Development Commissioner Harshdeep Kamble, Chief Executive Officer of MIDC Dr. P Anbalgan, JSW Co-Director Prashant Jain, Business Head Abhay Yagnik, Praveen Puri etc. were present.

A hydropower project with a capacity of about one and a half thousand megawatts will be started in Igatpuri taluka of Nashik district. The project will be on Bhivali Dam. About Rs 5,000 crore will be invested for this. This will provide direct and indirect employment to 5,000 people. In Kolhapur, Solapur, Osmanabad and Satara districts, wind power projects with a total capacity of 5,000 MW will be started. The project will be on 1879 hectares of land. About Rs 30,000 crore will be invested in this. The state government will extend all possible cooperation to the company to start the project, he said.

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