Uttarakhand Government signs Rs 15k cr MoU with JSW Energy

Uttarakhand: An MOU worth Rs 15,000 crore was signed between Uttarakhand Government and JSW Neo Energy Limited*

The MoU was signed in the presence of CM Pushkar Singh Dhami during the road show of Uttarakhand Global Investor Summit in New Delhi. As per the MoU two pumped storage of 1500 MW will be developed in Almora by JSW.

It will provide employment opportunities to 1000 people, It will also provide drinking water supply to a large population and irrigation facility for agriculture.

The MoU was signed in the presence of Chief Minister Pushkar Singh Dhami, an MOU worth Rs 15 thousand crore was signed between Uttarakhand Government and JSW Neo Energy Limited on the occasion of the road show of Global Investor Summit 2023 in New Delhi on Wednesday.

The scheme is proposed to have a lower dam/reservoir at a distance of 8-10 km from Kosi river at Joskote village of Almora and upper reservoir at Site 2 at Kurchaun village of Almora at a distance of 16 km from Kosi river. This scheme will provide drinking water supply to a large population and irrigation facilities for agriculture. Along with this, this scheme will provide employment opportunities to 1000 people.

It is noteworthy that the State Government has prepared Uttarakhand Pumped Storage Project Policy to promote the development of PSP in the state, which provides major incentives to developers.

During the MOU, Secretary Dr. Meenakshi Sundaram, Shri Vinay Shankar Pandey, MD SIDCUL Shri Rohit Meena and Director of JSW Neo Energy Limited Shri Gyan Badr Kumar were present.