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NHPC Signs MoU with Maharashtra Govt. for 7350 MW Solar Pumped Storage Projects

NHPC has signed a MoU with the Department of Water Resources, Government of Maharashtra to establish solar pumped storage projects with a total capacity of 7350 MW.

September 04, 2024. By EI News Network

National Hydroelectric Power Corporation Ltd. (NHPC) has recently signed a Memorandum of Understanding (MoU) with the Department of Energy, Government of Maharashtra.

“Pursuant to issuance of corrigendum dated 31.07.2024 with respect to policy for development of pumped storage projects (PSPs), PSPs cum LIS and co-located PSP-Solar/other renewable energy hybrid projects through public private partnership by Department of Water Resources (WRD), Govt. of Maharashtra, the earlier MoU has been signed once again with WRD, Government of Maharashtra on 03.09.2024,” informed NHPC in a regulatory filing.

For the uninitiated, NHPC had earlier entered into a MoU with the Department of Energy, Government of Maharashtra for the establishment of energy storage systems (pumped storage systems) along with other renewable energy sources (like solar/wind/hybrid etc.) with a total capacity of 7,350 MW.

This new MoU is for establishing pumped storage project(s) viz. Kengadi (1,550 MW), Savitri (2,250 MW), Kalu (1,150 MW), and Jalond (2,400 MW) in Maharashtra with the total capacity of 7,350 MW.
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