New Delhi, Sep 4 (PTI) State-owned hydro power giant NHPC on Wednesday said it has inked an initial pact to develop pumped hydro storage projects totalling 7,350 MW in 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, a company statement said.

Also Read | Shillong Teer Results Today, September 4 2024: Check Winning Numbers, Result Chart for Shillong Morning Teer, Shillong Night Teer, Khanapara Teer, Juwai Teer and Jowai Ladrymbai.

NHPC signed the MoU on September 3, 2024, at Mumbai with the Department of Water Resources, Government of Maharashtra, it stated.

This MoU marks a significant step forward in developing Pumped Storage Projects as energy storage solutions in Maharashtra, aligning with the national goal of achieving 500 GW of renewable energy by 2030 and Net Zero by 2070, it stated.

Also Read | Baazar Style Retail IPO Allotment Expected Today: Know How To Check Allotment Status and Other Key Details About the Rekha Jhunjhunwala-Backed IPO.

(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)