A memorandum of understanding has been signed between NHPC and the Department of Energy, Government of Maharashtra for the development of pumped storage schemes and other renewable energy projects in Maharashtra.
The MoU envisages development of the following four pumped storage projects aggregating 7,350 mw of capacity, apart from other renewable energy projects:
- Kalu – 1,150 mw
- Savitri – 2,250 mw
- Jalond – 2,400 mw
- Kengadi -1,550 mw
These projects will attract an investment of about Rs.44,000 crore and will generate indirect and direct employment for 7,000 people in the state, he added.
The MoU entails harnessing the pump storage projects as energy storage solutions to help achieve the national objective of Energy Transition, which is achieving installed capacity of 500 GW of renewable energy by 2030 and Net Zero by 2070, a government release said.
CMD, NHPC R.K. Vishnoi expressed his gratitude to the Government of Maharashtra for reposing their trust in NHPC for development of Pumped Storage Schemes in the state. He said that this will be a stepping start for NHPC in the state of Maharashtra.
Pumped Storage System uses surplus grid power available from thermal power stations or other sources to pump up water from lower to upper reservoir and reproduces power during peak demand when there is scarcity of power, the release explained.
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Featured photograph shows the MoU signing ceremony. The MoU was signed in the presence of Deputy Chief Minister, Govt. of Maharashtra, Devendra Fadnavis, by by Director, (Projects), NHPC Biswajit Basu and Principal Secretary (Energy), Department of Energy, Govt. of Maharashtra, Abha Shukla. Independent Director, NHPC, Uday S. Nirgudkar; Executive Director (SBD & C), NHPC, Rajat Gupta and other senior officers from both the organizations were also present during the occasion.
