Maharashtra signs MoUs for 5,630 MW pump storage hydro power projects
On 12 August 2024, the Maharashtra government’s Water Resources Department (WRD) signed three memoranda of understanding (MoUs) for pump storage hydro power projects with a combined capacity of 5,630 MW. The projects, estimated to cost Rs 246.31 billion, are expected to create 10,300 jobs.
WRD, as the nodal agency, signed MoUs with Mahagenco, Tata Power, and Avaada Group. Avaada Group will develop two pumped storage projects totaling 2,750 MW, including the 1,500 MW Pawana-Falyan project in Pune and Raigad districts, and the 1,250 MW Kumbhavade project in Kolhapur and Ratnagiri districts. Avaada plans to invest approximately Rs 14,000 crore, with commissioning targeted for 2027 and 2028.
Tata Power will develop two projects: a 1,000 MW project at Bhivpuri in Raigad district and an 1,800 MW project at Shirawata in Pune district. Mahagenco will develop an 80 MW pump storage project at the Koyna left bank dam foot power house.