National Hydro Electric Power Corporation Private Limited (NHPC), a state-owned power producer has entered into an agreement with the Maharashtra government, to construct pumped storage hydro projects with a combined capacity of 7,350 MW. The project requires an investment of INR 44,000 Crore.
Under the memorandum of understanding (MoU), four pumped storage projects will be developed, totaling a capacity of 7,350 MW. These projects include Kalu (1,150 MW), Savitri (2,250 MW), Jalond (2,400 MW), and Kengadi (1,550 MW). Additionally, the agreement also entails the development of other renewable energy projects within the state.
These pumped storage projects will serve as energy storage solutions to support the national objective of achieving 500 GW of renewable energy installed capacity by 2030 and attaining net-zero emissions by 2070.
Biltrax Construction Data is tracking 25,000+ projects on their technology platform for their clients.
Get exclusive access to upcoming projects in India with actionable insights and gain a competitive advantage for your products in the Indian Construction Market.
Visit www.biltrax.com or email us at contact@biltrax.com to become a subscriber and generate leads.
Disclaimer: The information contained herein has been compiled or arrived at, based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. The image featured in this article is for representation purposes only and does not in any way represent the project. If you wish the article to be removed or edited, please email editor@biltrax.com.
0Discover more from Biltrax Media, A Biltrax Group venture
Subscribe to get the latest posts sent to your email.
