New Delhi, 05 September 2024: The Govt. of Maharashtra as per policy for Development of Pumped Storage Projects (PSPs) in the state, NHPC Limited has signed a Memorandum of Understanding (MoU) on 03 September 2024 at Mumbai with the Department of Water Resources, Government of Maharashtra.
This MoU covers the establishment of Pumped Storage Projects (PSPs) in Maharashtra with a total capacity of 7,350 MW, focusing on survey, investigation, and Detailed Project Report (DPR) preparation, along with the timely implementation as per Central and State Government policies. The MoU was exchanged between Sh. Rajat Gupta, Executive Director (SBD&C), NHPC and Shri Deepak Kapoor, Additional Chief Secretary, Water Resources Department, Government of Maharashtra in the august presence of Hon’ble Deputy Chief Minister of Maharashtra, Shri Devendra Fadnavis and Shri R. P. Goyal, Director (Finance), NHPC.
This MoU marks a significant step forward in developing Pumped Storage Projects as energy storage solutions in Maharashtra, aligning with the national goals of achieving 500 GW of renewable energy by 2030 and Net Zero by 2070.
