4 days Ago
Green energy solutions provider Avaada Group has said it will invest Rs 5,800 crore to develop a 1200MW pumped hydropower storage project in Rajasthan. The group has entered into a Memorandum of Understanding (MoU) to develop the Pumped Storage Project, a company statement said. The project comprises development of 1200 MW Kadambari PSP in the Sirohi district.
With a total investment of approximately Rs 5,800 crore over the next 5-7 years, the project is poised to play a transformative role in ensuring Rajasthan's energy security and environmental sustainability. "These investment initiatives not only address the rising energy demands but also pave the way for sustainable growth, employment creation, and economic resilience. This partnership marks a significant milestone in realizing Rajasthan's clean energy potential," Chief Minister of Rajasthan Bhajan Lal Sharma said in the statement.
Rajasthan, with 28,617 MW of installed renewable energy capacity, ranks second in India. Artificial Intelligence(AI) Tabnine AI Masterclass: Optimize Your Coding Efficiency By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) AI and Analytics based Business Strategy By - Tanusree De, Managing Director- Accenture Technology Lead, Trustworthy AI Center of Excellence: ATCI View Program Data Science SQL for Data Science along with Data Analytics and Data Visualization By - Metla Sudha Sekhar, IT Specialist and Developer View Program Leadership Business Storytelling Masterclass By - Ameen Haque, Founder of Storywallahs View Program Artificial Intelligence(AI) Master in Python Language Quickly Using the ChatGPT Open AI By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Modern Marketing Masterclass by Seth Godin By - Seth Godin, Former dot com Business Executive and Best Selling Author View Program Finance Financial Literacy for Non-Finance Executives By - CA Raja, Chartered Accountant | Financial Management Educator | Former AVP - Credit, SBI View Program Artificial Intelligence(AI) Mastering C++ Fundamentals with Generative AI: A Hands-On By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development Mastering Full Stack Development: From Frontend to Backend Excellence By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Digital marketing - Wordpress Website Development By - Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expert View Program Web Development A Comprehensive ASP.NET Core MVC 6 Project Guide for 2024 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Java Programming with ChatGPT: Learn using Generative AI By - Metla Sudha Sekhar, IT Specialist and Developer View Program Leadership Building Your Winning Startup Team: Key Strategies for Success By - Dr.
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Spread across key districts such as Jhalawar, Kota, Barmer, and Bikaner, these ventures collectively aim to generate significant employment opportunities, bolster green manufacturing, and drive Rajasthan's contribution to India's renewable energy milestones and become a trillion-dollar economy through sustainable, green power solutions. The MoU was formalized between the Energy Department, Government of Rajasthan and Avaada Aqua Batteries Pvt Ltd, a subsidiary of Avaada Group. The signing ceremony was graced by Chief Minister of Rajasthan Bhajan Lal Sharma and other dignitaries.
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