Maharashtra’s Solar Future: Devendra Fadnavis and Avaada Group’s New Solar Plant in Nagpur
In Nagpur, Maharashtra Deputy Chief Minister Devendra Fadnavis announced the Bhoomi Pujan of a new integrated solar plant by Avaada Group. This plant is set to begin production by April 2025 and is part of a larger plan to achieve 20,000 MW of solar energy in the state. The plant will produce modules, ingots, chips, and glass, promising higher efficiency than current products.
Earlier, Avaada Group signed a Memorandum of Understanding (MoU) with the Maharashtra government for two Pumped Storage Projects (PSPs) with a combined capacity of 2750 MW. These projects, located in Pune, Raigad, Kolhapur, and Ratnagiri districts, involve an investment of approximately INR 14,000 crore over the next 5-7 years. The MoU was signed by the Water Resources Department and Avaada Aqua Batteries Pvt Ltd, a subsidiary of Avaada Group, in the presence of Deputy CM Devendra Fadnavis and Avaada Group’s Chairman, Vineet Mittal.
These initiatives are expected to significantly boost Maharashtra’s energy security and environmental sustainability, with a focus on renewable energy investments and the Maharashtra State Agri-Krushi Yantrikikaran Yojana (MSKY).
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Devendra Fadnavis -: Devendra Fadnavis is a politician in India. He is the Deputy Chief Minister of Maharashtra, which is a state in India.
Avaada Group -: Avaada Group is a company that works in the field of renewable energy. They focus on creating energy from sources like the sun, which is called solar energy.
Bhoomi Pujan -: Bhoomi Pujan is a traditional Indian ceremony. It is performed to seek blessings before starting a new construction project.
Solar Plant -: A solar plant is a place where energy from the sun is captured and turned into electricity. This helps in providing clean and renewable energy.
MW -: MW stands for Megawatt, which is a unit of power. It is used to measure the amount of electricity produced or used.
MoU -: MoU stands for Memorandum of Understanding. It is an agreement between two parties, like a company and a government, to work together on a project.
Pumped Storage Projects -: Pumped Storage Projects are a type of energy storage system. They help store energy by moving water between two reservoirs at different heights.
INR 14,000 crore -: INR stands for Indian Rupees, which is the currency of India. 14,000 crore is a large amount of money, used here to describe the investment in the energy projects.