THDC Signs Landmark MoU with Maharashtra for 6,790 MW of Pumped Storage Projects Worth ₹33,600 Crores
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Rishikesh, 03.09.2024: THDC India Limited has inked a significant Memorandum of Understanding (MoU) with the Department of Water Resources, Government of Maharashtra (GoMWRD), for the development of six Pumped Storage Projects (PSPs) in Maharashtra, with a total capacity of 6,790 MW and an investment of over ₹33,600 crores. The MoU was signed in the presence of Shri Devendra Fadnavis, Deputy Chief Minister of Maharashtra, who also holds portfolios for Home, Law, Water Resources, and Energy. This initiative represents a major leap forward in Maharashtra’s renewable energy infrastructure.
### Key Highlights:
– **Projects and Capacity**: The six projects include the Malshej Ghat PSP (700 MW), Aruna PSP (1950 MW), Kharari PSP (1250 MW), Humbarli Birmani PSP (1000 MW), Aruna Kolamb PSP (1200 MW), and Morawadi Majarewadi PSP (690 MW).
– **Strategic Importance**: These projects will enhance Maharashtra’s power grid reliability and stability, contribute significantly to the state’s renewable energy goals, and generate extensive socio-economic benefits, including approximately 30 lakh man-hours of employment annually during construction.
– **Government Support**: The GoMWRD will facilitate water allocation, clearances, and approvals necessary for the projects, while THDCIL will prepare and submit Detailed Project Reports (DPRs) for approval by the Central Electricity Authority (CEA) and GoMWRD.
– **Vision for the Future**: Shri R.K. Vishnoi, CMD of THDCIL, emphasized that this MoU is a crucial step in advancing India’s energy infrastructure, particularly in renewable energy. The completion of these PSPs will foster eco-tourism, skill development, and economic growth in the region.
This collaboration underscores THDCIL’s commitment to sustainable energy and marks a significant advancement in the state’s energy landscape.
The MoU for the 6,790 MW of pumped storage projects is not only a great commitment to clean energy, but a very strategic move to accomodate for the increasing energy demands in the area.If these projects go through, it will create a lot of jobs, and help the local economy, as well as help maharashtra achieve its renewable energy goals.The Rs 33,600 crore financial investment in these projects clearly indicates financial backing and faith in the long term benefits of pumped storage technology that is vital to balance energy supply and demand.