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Telangana signs MoU with MEIL for 2,160 MW pumped storage project

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The Government of Telangana has signed a Memorandum of Understanding (MoU) with Megha Engineering and Infrastructures Limited (MEIL) to establish a 2,160 MW Pumped Storage Project (PSP) in the state. The project entails an investment of Rs.110 billion and is expected to boost the state’s renewable energy capacity and infrastructure. The MoU was signed on January 21, 2025.

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Avaada Group to develop 1.2 GW pumped storage project in Rajasthan

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Avaada Aqua Batteries, a subsidiary of Avaada Group, has signed a Memorandum of Understanding (MoU) with the Rajasthan government to establish a 1.2 GW pumped storage project (PSP) in the Sirohi district.  With a budget of Rs 58 billion, the project is expected to be completed within five to seven years. It aims to provide Round the Clock with renewable energy and enhance grid stability by integrating solar and wind power. In October 2024, Avaada…