Latest News | NHPC Ties Up with Maharashtra Govt to Set Up Pumped Storage Projects

New Delhi, Jun 6 (PTI) State-owned NHPC Ltd has signed an agreement with the Maharashtra government for setting up four pumped storage energy projects with 7,350 megawatt (MW) capacity in the state.

The memorandum of understanding (MoU) has been signed with the Department of Energy, Government of Maharashtra for setting up pumped storage schemes and other renewable energy source projects, NHPC said in a statement.

Also Read | Odisha Train Tragedy: List of Injured, Deceased Passengers Put On Websites; Check Details.

The MoU was signed by Biswajit Basu, Director, (Projects), NHPC and Abha Shukla, Principal Secretary (Energy), Department of Energy, Maharashtra Government in the presence of Devendra Fadnavis, Deputy Chief Minister of Maharashtra.

"The MoU envisages the development of four pumped storage projects aggregating to 7,350 MW namely Kalu -1,150 MW, Savitri - 2,250 MW, Jalond - 2,400 MW & Kengadi - 1,550 MW and other renewable energy source projects in the state," it said.

Also Read | Indian Girls Aspire To Build World-Class Apps, Solve Problems.

This shall be a stepping-start of NHPC in Maharashtra, RK Vishnoi, CMD of NHPC said, adding these projects will attract an investment of about Rs 44,000 crore and nearly 7,000 indirect and direct employment in the state.

The MoU entails harnessing the pump storage projects as energy storage solutions to achieve the national objective of energy transition -- 500 GW of renewable energy by 2030 and Net Zero by 2070.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)