Rajasthan CM Bhajanlal Sharma Signs Big Deal for Renewable Energy and Infrastructure
The state government of Rajasthan, led by Chief Minister Bhajanlal Sharma, has signed a significant agreement with the Housing and Urban Development Corporation Limited (HUDCO) to secure financial assistance of Rs 1 lakh crore. This funding will support various infrastructure projects, including water, irrigation, and electricity.
Renewable Energy Initiatives
Chief Minister Sharma announced the virtual inauguration of a 400 MW solar power plant in Jaisalmer by ReNew, a leading renewable energy company. The remaining 200 MW of this project will be operational by October, boosting the state’s renewable energy capacity and reducing electricity costs for consumers.
Additionally, the state has signed MoUs for an investment of Rs 1 lakh crore for 28,500 MW of renewable energy and 3,325 MW of thermal projects. A 600 MW solar energy purchase agreement has also been signed between Rajasthan Energy Development Corporation and SJVN.
Infrastructure Development
HUDCO will provide a loan of Rs 20,000 crore per year for the next five years to support infrastructure projects. A cheque for Rs 1,577 crore was handed over to the Rajasthan Water Supply and Sewerage Corporation (RWSSC) for the Jal Jeevan Mission.
Leadership and Vision
Deputy Chief Minister and Finance Minister Diya Kumari praised Chief Minister Sharma’s leadership, stating that the state is rapidly moving towards development. She highlighted the new dimensions of progress being established in various fields under his guidance.
Doubts Revealed
Rajasthan -: Rajasthan is a state in the northwestern part of India, known for its deserts, palaces, and vibrant culture.
CM -: CM stands for Chief Minister, who is the head of the government in an Indian state.
Bhajanlal Sharma -: Bhajanlal Sharma is the Chief Minister of Rajasthan, the person in charge of the state’s government.
HUDCO -: HUDCO stands for Housing and Urban Development Corporation, a government-owned company in India that provides loans for housing and urban development projects.
Rs 1 lakh crore -: Rs 1 lakh crore is a huge amount of money, equal to 1 trillion rupees, which is used for big projects.
infrastructure -: Infrastructure refers to the basic physical systems of a place, like roads, bridges, water supply, and electricity.
renewable energy -: Renewable energy comes from natural sources that can be replenished, like sunlight, wind, and water.
400 MW solar plant -: A 400 MW solar plant is a large facility that uses sunlight to produce 400 megawatts of electricity, enough to power many homes.
Jaisalmer -: Jaisalmer is a city in Rajasthan, famous for its golden fort and desert landscape.
Deputy CM -: Deputy CM stands for Deputy Chief Minister, who assists the Chief Minister in running the state government.
Diya Kumari -: Diya Kumari is the Deputy Chief Minister of Rajasthan, helping the Chief Minister in managing the state.