The Indian hydropower development company NHPC has signed a memorandum of understanding (MoU) with the government of Maharashtra for the development of four pumped-storage hydropower projects totalling 7,350 MW across the Indian State of Maharashtra. The four projects are Kalu (1,150 MW), Savitri (2,250 MW), Jalond (2,400 MW) and Kengadi (1,550 MW). Other renewable energy source projects will be developed in the state under the agreement, however, the details of those additional projects have not been revealed. All these projects are expected to draw investments of around INR440bn (US$5.3bn).
Earlier in June 2023, the Indian energy company Torrent Power also signed an agreement with the government of Maharashtra for the development of three pumped-storage hydropower projects totalling 5.7 GW in capacity across the state.
The pumped storage projects are considered as energy storage solutions to help achieve India’s national objective of energy transition, which targets 500 GW of installed renewable capacity by 2030 and net zero by 2070.
At the national level, India plans to add 79 hydropower projects with a total capacity of 30 GW, including 11 pumped-storage projects totalling 8.7 GW, during the period 2019-2020 to 2029-2030. The country has an installed pumped-storage capacity of 4.8 GW (end of 2021). Hydropower accounts for 12% of India's total capacity, with 51.4 GW.
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