Sun Petrochemicals, JSW UAV sign MoUs with Telangana government
Nagarkurnool, Mancherial, Mulugu districts to get pumped storage hydropower projects with combined capacity of 3,400 MW
Hyderabad: The State government entered into an MoU with Sun Petrochemicals to develop three pumped storage hydropower projects in the districts of Nagarkurnool, Mancherial and Mulugu. These projects will have a combined capacity of 3,400 MW and will be complemented by downstream integrated solar power plants with a capacity of 5,440 MW.
To be established with an estimated investment of Rs 45,500 crore, these projects are expected to create over 7,000 jobs during the construction phase. The collaboration aims to harness renewable energy resources efficiently, addressing energy demands while supporting the State’s green energy transition.
Further, JSW UAV Limited, a subsidiary of JSW Defence, also signed another MoU with the State government to establish an unmanned aerial systems manufacturing facility in Telangana. JSW UAV, in collaboration with a US-based defence technology company, is set to invest around Rs 800 crore in the project. The investment is likely to generate over 200 high-value jobs.
