Rajasthan

• 11 Mar 2024

Rajasthan Signs MoUs To Boost Energy Sector

Why in News?

Recently, the Rajasthan government signed 5 Memorandum Of Understandings (MOUs) worth Rs 1.60 lakh crore to boost energy production, strengthen the energy transmission system and establish new projects for the production of thermal and renewable energy in the state.

Key Points

• According to the official sources, 6 MOUs have been signed between the top officials of 3 power corporations and 6 central undertakings of the state for the investment of Rs 1.60 lakh crore for the development of the energy sector, which includes various projects of power generation.
• Under these agreements:
  • An MoU will be signed between Rajasthan Vidyut Utpadan Nigam Limited (RVUN) along with Coal India Limited, the National Thermal Power Corporation (NTPC) and Neyveli Lignite Corporation (NLC) India for thermal based projects of 3325 MW capacity.
  • To strengthen the power transmission system in the state, there will be an agreement for investment of Rs 10 thousand crore between Rajasthan Electricity Transmission Corporation and Power Grid Corporation.
  • A Power Purchase Agreement (PPA) will also be signed between Rajasthan Urja Vikas Nigam and SJVN Green Energy for the supply of power through 600 MW solar power projects.
  • There will be an MoU between the Rural Electrification Corporation and the state government for the development of the infrastructure sector.