MIO Conclave: Odisha Renewable Energy Policy-2022 Released; 3 MoUs inked for Rs. 51,000 Cr investment

Envisages addition of 10K MW Renewable Energy Capacity

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Bhubaneswar: Odisha Renewable Energy Policy-2022 has been released today that envisages addition of 10,000 MW renewable energy capacity in the State. Pratap Keshari Deb, Minister, Energy, Industries and MSME released the policy here on the 1st Day of the 3rd Edition of Make in Odisha Conclave.

Department of Energy organised a business leadership talk on the theme “Towards Greener Energy”. Minister Sri Deb, in his keynote address, said that OREP-2022 also provides multiple incentives for development of renewable energy projects in the State.

Nikunja B. Dhal, Principal Secretary, Energy welcomed the distinguished speakers and delegates of the session which was followed by insightful discussions led by CMD(NTPC), CMD(SJVNL), CEO & MD (TATA Power) and MD (Hindalco) and the former Director General of International Solar Alliance Mr. Upendra Tripathy.

The Department has executed three Memorandum of Understandings (MoUs) with leading CPSUs for an investment of Rs. 51,000 Crores in the State. The First was executed between GRIDCO and NTPC Green Energy for development of large scale on-ground Solar, floating Solar and Pumped Storage Projects in the State.

In the first phase, 1000 MW Pumped Storage Hydro and 2000 MW Solar projects will be developed with an investment of Rs. 17,000 Crore. The Second was executed between GRIDCO and SJVN Ltd. for development of 2000 MW Pumped Storage Hydro Project and 2000MW ground based and floating Solar projects with cumulative investment of Rs. 30,000 Crore. The Third was also executed with NLC for development of large scale on-ground Solar, floating Solar, Pumped Storage Hydro and Green Hydrogen projects in the State. Initially, 600 MW Solar capacity and 5 Million Tonne Green Hydrogen production has been planned with an investment of Rs. 4,000 Crore.

These MoUs are expected to generate 1200 direct and 2600 indirect employment in the State. The session was moderated by Partner and Leader, PwC India and MD, GRIDCO proposed vote of thanks.

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