Wednesday, June 18, 2025
News Wave
No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
News Wave
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
No Result
View All Result
News Wave
No Result
View All Result
Home World India

MSRDC to set up solar power project along Samruddhi Mahamarg | Mumbai News

4 March 2024
in India
0 0
MSRDC to set up solar power project along Samruddhi Mahamarg | Mumbai News
Share on FacebookShare on Twitter


Aimed at catering to its captive power consumption, the Maharashtra State Road Development Corporation (MSRDC) plans to establish a solar power generation project along the Samruddhi Mahamarg. This initiative will see solar power being adopted at various MSRDC offices in Mumbai, including Nepean Sea Road and Bandra Reclamation, as well as in Pune, Nashik, and Aurangabad.

The solar power will also be utilised at tunnels and interchanges on existing highways. Upcoming highways like the Mumbai-Pune missing link and Samruddhi Mahamarg Igatpuri tunnels, wayside amenities, and other locations will also see the use of solar power.

Mahasamruddhi Renewable Energy Ltd (MREL) — the special purpose vehicle of MSRDC — intends to leverage available unused space along the Samruddhi Mahamarg to install renewable energy equipment, with a focus to maximise efficiency and the utilisation of land through innovative concepts.

“This new proposed project aims to generate 150 to 200 megawatts of solar power, which will not only illuminate the Samruddhi Mahamarg but also other existing and upcoming highways developed by MSRDC. This move is expected to significantly reduce monthly power bills, which currently range from Rs 10 lakh to Rs 25 lakh of each interchange open for traffic on Samruddhi Mahamarg, along with savings at tunnels on the Missing Link Expressway and Samruddhi Mahamarg where electricity consumption is high,” said Manuj Jindal, joint managing director, MSRDC.

The MREL also floated a request for proposal (RFP) to appoint a consultant to conduct a feasibility study, prepare a detailed project report and manage the bid process until a concession agreement is signed with the selected bidder to execute the project. The initiative also includes exploring different models for solar energy consumption, such as net metering, where solar energy system owners receive credits for electricity they contribute to the grid.

Festive offer

However, the final model will be chosen based on the consultant’s recommendations, as per the MREL. An official said though an internal assessment study was conducted on MSRDC’s captive power consumption, to make it formal, a detailed project report (DPR) has to be made for which the consultant needs to be appointed for further action.

This green energy initiative will also contribute to reducing carbon footprint and transforming the Samruddhi Mahamarg into a green corridor. Furthermore, the MSRDC had previously conducted a DPR in 2021 for a solar power project at Samruddhi Mahamarg’s interchanges.

The official said a peer review study of the available DPR will be conducted separately, as it can serve as a potential revenue stream model. Additionally, the 9MW solar power project at two interchanges on Samruddhi Mahamarg — at Bhilkheda village in Washim district and at Faizalapur/Sabra in Buldhana district, for which a tender was issued for the appointment of a contractor in October 2022 — is now in the process of appointing a contractor.

Although there was initially no response, two bidders have since shown interest, and financial and technical evaluations of both are underway. Under this scheme, MRECL has signed an agreement with the Maharashtra State Electricity Distribution Company Ltd for grid interconnections, the official said.



Source link

Loading spinner
Tags: MahamargMSRDCMumbaiNewsPowerProjectSamruddhisetsolar
Previous Post

Auckland’s public transport faces a privately funded future

Next Post

EU must overhaul Africa trade offer to parry China, warns MEP

Related Posts

Terrorism act of war, no room for mediation: PM Modi to Trump
India

Terrorism act of war, no room for mediation: PM Modi to Trump

by My News Wave
18 June 2025
0

Prime Minister Narendra Modi told President Trump that India will not accept mediation in its relationship with Pakistan, emphasizing that discussions on halting military actions occurred directly between the two nations at Pakistan's request. Modi also highlighted India's stance on terrorism as an act of war and discussed the recent military operations against terrorist camps in Pakistan, while rejecting any claims of U.S. intervention. Need More Context? 🔎

Read more
Cricket news: Bombay HC rules in favour of Kochi Tuskers, upholds Rs 538 crore arbitral award against BCCI
India

Cricket news: Bombay HC rules in favour of Kochi Tuskers, upholds Rs 538 crore arbitral award against BCCI

by My News Wave
18 June 2025
0

The Bombay High Court upheld a Rs 538 crore arbitral award in favor of the Kochi Tuskers, dismissing BCCI's challenge related to the franchise's termination in 2011 over a bank guarantee dispute. The court emphasized its limited jurisdiction under the Arbitration Act, stating that BCCI's claims lacked grounds for interference with the arbitrator's findings, which deemed the termination unjustified. Need More Context? 🔎

Read more
'Liquor scam' probe: Ex-YSRCP MLA Chevireddy Bhaskar Reddy arrested in Bengaluru
India

'Liquor scam' probe: Ex-YSRCP MLA Chevireddy Bhaskar Reddy arrested in Bengaluru

by My News Wave
17 June 2025
0

Former Chandragiri MLA Chevireddy Bhaskar Reddy and his associate Venkateswarulu Naidu were arrested at Bengaluru airport by the SIT investigating a liquor scam linked to election funding. They are implicated in routing approximately Rs.250 crore in proceeds, and both are expected to be presented in court for judicial remand following their detention. Need More Context? 🔎

Read more
Top stocks to buy: Stock recommendations for today – check list
India

Top stocks to buy: Stock recommendations for today – check list

by My News Wave
17 June 2025
0

According to Mehul Kothari of Anand Rathi Shares, the top stock recommendations for today include Voltas, ONGC, and TCS, with specific buying ranges and targets: Voltas (₹1300–₹1280, target ₹1540), ONGC (₹252, target ₹290), and TCS (₹3515, target ₹3685), all showing strong bullish indicators after recent breakouts from consolidation phases. Investors are advised to consult a financial advisor before making any decisions. Need More Context? 🔎

Read more
Will talk on Global South priorities at G7: PM Modi
India

Will talk on Global South priorities at G7: PM Modi

by My News Wave
17 June 2025
0

Prime Minister Narendra Modi engaged in the G7 Outreach Session in Calgary, focusing on Global South priorities and energy security discussions, while holding bilateral meetings with leaders from Canada, Germany, Ukraine, and Italy. His interactions included a notable first meeting this year with Ukraine's President Zelensky and collaboration with Canadian PM Mark Carney amid ongoing tensions over the Khalistan issue. Need More Context? 🔎

Read more
Israel-Iran conflict: 'We are scared', Indian students desperately await evacuation; 110 already rescued
India

Israel-Iran conflict: 'We are scared', Indian students desperately await evacuation; 110 already rescued

by My News Wave
17 June 2025
0

Amid the escalating Israel-Iran conflict, the Indian government has facilitated the evacuation of Indian students from Tehran for their safety, while advising self-sufficient residents to leave as well. Efforts are ongoing to relocate willing individuals from Qom and Mashhad to Turkmenistan, with some already departing via the Armenian border. Need More Context? 🔎

Read more
News Wave

News Summarized. Time Saved. Bite-sized news briefs for busy people. No fluff, just facts.

CATEGORIES

  • Africa
  • Asia Pacific
  • Australia
  • Business
  • Canada
  • Entertainment
  • Europe
  • India
  • Middle East
  • New Zealand
  • Sports
  • Technology
  • UK
  • USA
  • World

LATEST NEWS STORIES

  • TOP GUN 3 Director Joseph Kosinski Teases "Ambitious" Idea With Help From the Navy and Lockheed
  • 2025 Audi S5 and A5 first drive: Five-door is the new four-door
  • 4 WNBA players who could be first-time All-Stars this season
  • About Us
  • Disclaimer
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In