On September 3, 2024, THDC India signed a memorandum of understanding (MoU) with the Department of Water Resources, Maharashtra, to develop six pumped hydro power storage projects totalling 6,790 MW, with an estimated investment of over Rs 336 billion.
The six projects planned under this MoU are:
- Malshej Ghat Pumped Storage Project (700 MW)
- Aruna Pumped Storage Project (1,950 MW)
- Kharari Pumped Storage Project (1,250 MW)
- Humbarli Birmani Pumped Storage Project (1,000 MW)
- Aruna Kolamb Pumped Storage Project (1,200 MW)
- Morawadi Majarewadi Pumped Storage Project (690 MW)
These projects will involve comprehensive surveys, investigations, and the preparation of detailed project reports (DPRs). The Maharashtra government will assist in water allocation for both initial filling and annual consumptive needs upon receiving applications from THDC India. The projects are expected to be executed within a specific timeframe while complying with the current rules, policies, and schemes of both central and state governments.
THDC will be responsible for preparing the DPRs for each project and submitting them for approval to both the Central Electricity Authority (CEA) and the state Water Resources Department.