MAHAPREIT and GEAPP launch solarisation of agricultural irrigation initiative in India

• MAHAPREIT and GEAPP launch a 500 MW agriculture solarization program, which will attract an investment of INR 2500 crores in solar energy for the state of Maharashtra
• The 500 MW solarization program will benefit 100,000 farmers over the next two years

Mumbai | 14 July 2023 – Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT) and the Global Energy Alliance for People and Planet (GEAPP) have held a successful partner meeting in Mumbai. The meeting focused on the upcoming 500 megawatts (MW) tender in Maharashtra, building on the partnership established earlier this year through a Memorandum of Intent (MoI). The MoI aims to accelerate the adoption of renewable energy and promote sustainable development in India.

The partner’s meeting served as a platform for MAHAPREIT and GEAPP to strategies and collaborate on the implementation of renewable energy initiatives. During the meeting, MAHAPREIT and GEAPP drew the roadmap for the implementation of the 500 MW tender for PM-KUSUM C/Mukhyamantri Saur Krushi Vahini Yojana. This will benefit the state in three ways – bringing an investment of INR 2500 crores in solar energy, reducing CO2 emissions by 400,000 tons annually, and supporting 100,000 farmers.

“Today’s meeting is a step forward in our collaborative effort with GEAPP to drive the clean energy transition in Maharashtra. We are positive that through this partnership, we will enable the state target of 7000 MW solar power generation by the end of 2025, as per the Mukhyamantri Saur Urja Krishi Vahini 2.0,” said Mr Bipin Shrimali, Chairman and Managing Director, MAHAPREIT.

GEAPP in India is supporting MAHAPREIT by appointing a Project Management Unit (PMU), which will help MAHAPREIT conduct land surveys, identify land parcels, aggregate demand, and conduct tenders to onboard EPC players. PMU will also monitor the program execution and liaise across government departments on behalf of MAHAPREIT. Within a month’s time, MAHAPREIT and GEAPP plan to launch a cluster-led SME solarization initiative with an objective of 500 MW of decentralized solar. Sangli, Nasik, Ichakranji, and Kolhapur have been identified as the focus districts for the first leg of the program. Discussions with local MSME associations have been initiated. Post the success of the first phase; the program will be scaled across other districts of Maharashtra.

Mr Saurabh Kumar, Vice President in India, GEAPP, said, “The roadmap that we have prepared in our meeting today is a step towards the collective goal of MAHAPREIT and GEAPP. The Government of India has introduced many schemes & programs targeted towards improving the earnings of farmers and small enterprises between 2017 & 2019 and has been focused on their welfare. GEAPP has already started discussions with local MSME associations, and the PMU will support the effective and efficient roll-out of the program. GEAPP in India is also working with a facility manager to create a credit guarantee mechanism to unlock financial linkages for this sector”.

Senior officials from MAHAJENCO, MSEDCL, MEDA and MERC attended the meeting. 

About MAHAPREIT: MAHAPREIT – Mahatma Phule Renewable Energy and Infrastructure Technology Limited is a wholly Subsidiary Company of Mahatma Phule Backward Class Development Corporation (MPBCDC), Government of Maharashtra State PSU. MAHAPREIT has objectives to establish and carry-on business of Generating, Trading, Operating, Leasing and Renting Renewable Power Projects, mainly but not limited to Solar Power Projects including Solar Parks along with substations and transmission lines on ownership and/or build, own, and transfer basis.

About GEAPP:  The Global Energy Alliance for People and Planet (GEAPP) is an alliance of philanthropy, governments, technology, policy, and financing partners. Our common mission is to enable emerging and developed economies to shift to a clean energy, pro-growth model that accelerates universal energy access and inclusive economic growth while supporting the global community to meet critical climate goals during the next decade. As an Alliance, we aim to reduce 4 gigatons of future carbon emissions, expand clean energy access to one billion people, and enable 150 million new jobs. With philanthropic partners the IKEA Foundation, The Rockefeller Foundation and Bezos Earth Fund, GEAPP works to build the enabling environment, capacity, and market conditions for private sector solutions, catalyze new business models through innovation and entrepreneurship, and deploy high-risk capital to encourage private sector solutions and assist just transition solutions. For more information, please visit www.energyalliance.org and follow us on Twitter at @EnergyAlliance.

Contacts:

• Deepak Kokate, Chief General Manager, MAHAPREIT | cgm.resco@mahapreit.in | +91-9867978106
• Pooja Mishra | pooja@onpurposeconsulting.in | +91-9818613318