NHPC, ONGC Green sign MoU to develop pumped storage, renewable projects

NHPC Limited and ONGC Green Limited (OGL) have signed a Memorandum of Understanding (MoU) to explore opportunities for the development of pumped storage projects (PSPs) and other renewable energy projects across India.

The MoU was signed on June 24, 2026, by Abhayanand Thakur, Executive Director (SBD&C), NHPC, and Harsh Nupur Joshi, Chief Executive Officer, ONGC Green Limited, in the presence of senior officials from both organisations.

Scope of partnership

Under the agreement, NHPC and OGL will collaborate to identify, evaluate, develop and implement PSPs and other renewable energy projects.

The companies said the partnership is aimed at leveraging their complementary strengths to enhance energy storage capacity, facilitate the integration of renewable energy into the grid and support India’s clean energy transition.

NHPC’s PSP pipeline

Pumped storage projects are a key part of NHPC’s expansion strategy. According to information available on the company’s website, NHPC has over 7,900 MW of proposed PSP capacity under the survey and investigation stage across multiple states.

The proposed portfolio includes the 2,400 MW Savitri PSP and 1,800 MW KALU PSP in Maharashtra, the 1,200 MW Gadikota PSP and 1,000 MW Yaganti PSP in Andhra Pradesh, the 1,000 MW Masinta PSP in Odisha, the 900 MW Kuppa PSP in Gujarat, and the 640 MW Indirasagar-Omkareshwar PSP in Madhya Pradesh.

These projects are intended to strengthen grid flexibility by providing energy storage to support the increasing share of variable renewable energy sources such as solar and wind power. 

Photo credit: NHPC