Table of Contents
- Overview of Avaada Group’s Hydropower Project
- Project Details and Investment Plan
- Economic and Environmental Impact
- Complementary Renewable Energy Investments by Avaada
- Rajasthan’s Renewable Energy Leadership
Overview of Avaada Group’s Hydropower Project
Avaada Group, a leading green energy solutions provider, has announced an ambitious investment of ₹5,800 crore to establish a 1200 MW pumped hydropower storage project in Rajasthan. The initiative aligns with India’s renewable energy goals and strengthens Rajasthan’s position as a leader in sustainable energy solutions.
Project Details and Investment Plan
The Kadambari Pumped Storage Project (PSP) will be developed in Sirohi district, with an investment spread over 5-7 years.
- Project Scale: 1200 MW capacity.
- Estimated Investment: ₹5,800 crore.
- Timeline: 5-7 years for completion.
- Execution Partner: Avaada Aqua Batteries Pvt Ltd, a subsidiary of Avaada Group.
This hydropower project is designed to support the integration of renewable energy sources like solar and wind while providing round-the-clock (RTC) power and enhanced grid stability.
Economic and Environmental Impact
The project is expected to play a transformative role in Rajasthan’s energy ecosystem by:
- Ensuring Energy Security: Addressing the state’s growing energy demands with sustainable solutions.
- Creating Employment Opportunities: Generating significant job opportunities during the construction and operational phases.
- Enhancing Environmental Sustainability: Reducing dependence on non-renewable energy sources.
Chief Minister Bhajan Lal Sharma emphasized the project’s importance in strengthening Rajasthan’s energy and economic resilience during the signing ceremony.
Complementary Renewable Energy Investments by Avaada
Avaada Group’s latest project complements its prior investment commitment of ₹1 lakh crore in Rajasthan, which includes:
- 1 MTPA Green Ammonia Project
- 1 GW Wind Power Projects
- 10 GW Solar Power Projects
These ventures, spread across districts like Jhalawar, Kota, Barmer, and Bikaner, are set to bolster green manufacturing, employment, and Rajasthan’s renewable energy contributions.
Rajasthan’s Renewable Energy Leadership
With an installed renewable energy capacity of 28,617 MW, Rajasthan ranks as India’s second-largest producer of renewable energy. The state’s favorable policies and strategic investments have positioned it as a hub for green energy development, driving India’s journey toward becoming a trillion-dollar economy powered by sustainable energy.
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