Rajasthan signs Rs 1 lakh crore MoU with HUDCO for infrastructure boost
Jul 24, 2024
Jaipur (Rajasthan) [India], July 24 : The state government of Rajasthan signed a MoU with the Housing and Urban Development Corporation Limited (HUDCO) to provide financial assistance of Rs 1 lakh crore.
Rajasthan Chief Minister Bhajanlal Sharma stated that the state government is determined to make Rajasthan a leader in energy and to strengthen the infrastructure for drinking water and irrigation.
The state government will ensure all necessary financial resources are allocated towards this resolution.
"The production of renewable energy from a 400 MW solar power plant in Jaisalmer today by ReNew, a leading company in renewable energy production, is an important step towards making the state self-reliant. Production of the remaining 200 MW will start by October. This will increase the renewable energy capacity of the state. Adding renewable capacity will reduce the cost of electricity, resulting in lower tariffs for consumers and savings for the government. This plant will be able to supply electricity to Rajasthan Discom at very low rates," CM Sharma said while addressing the virtual inauguration ceremony of the Jaisalmer Solar Power Plant at the Chief Minister's Office on Wednesday.
The Chief Minister noted that significant progress has been made to ensure an uninterrupted supply of electricity and water.
Additionally, MoUs have been signed for an investment of Rs 1 lakh crore for 28,500 MW of renewable energy and 3,325 MW of thermal projects in the state.
Furthermore, an investment of Rs 10,000 crore has been signed to strengthen the transmission system.
A 600 MW solar energy purchase agreement has been signed between Rajasthan Energy Development Corporation and SJVN.
The CM further stated that a tariff-based tender process has been started for 8,000 MW solar and 3,200 MW coal-based projects. The establishment of these projects will lead to an investment of Rs 64,000 crore.
Notably, HUDCO signed an MoU of Rs 1 lakh crore with the state government, under which a loan of Rs 20,000 crore per year will be provided to the state government for infrastructure projects like water, irrigation, and electricity over the next five years.
On Wednesday, a cheque for Rs 1,577 crore was handed over to the Rajasthan Water Supply and Sewerage Corporation (RWSSC) by HUDCO for the Jal Jeevan Mission.
Deputy Chief Minister and Finance Minister Diya Kumari said that under the guidance of Chief Minister Bhajanlal Sharma, the state is moving rapidly towards the goal of a developed Rajasthan.
"Inspired by the working style of the Chief Minister, we are all working, and new dimensions of development are being established in every field," she added.
