|

REC to finance pumped storage projects in Kerala

By

REC Limited has signed a memorandum of understanding (MoU) with the Energy Management Centre (EMC), Government of Kerala, to finance pumped storage projects (PSPs) in the state over the next five years. The investment, estimated at Rs 183.6 billion, aims to enhance grid stability and facilitate the integration of renewable energy. The PSPs will play a crucial role in Kerala’s long-term energy strategy, which focuses on sustainable and efficient power management. As renewable energy sources…

|

Greenko’s new pumped storage projects in Assam, MP, Odisha

By

Greenko Energies Private Limited has signed a Memorandum of Understanding (MoU) with the Government of Assam to develop a 900 MW pumped storage project (PSP) in Karbi Anglong district. The project will require an estimated investment of Rs 58.5 billion. Separately, Greenko signed an MoU with the Madhya Pradesh government to develop multiple new PSPs in the state. In Odisha, Greenko signed an MoU in January 2025 to develop a 1,200 MW off-stream closed-loop pumped…