In a move set to transform Maharashtra’s energy landscape, THDC India Limited has inked a groundbreaking Memorandum of Understanding (MoU) with the Department of Water Resources, Government of Maharashtra. The agreement paves the way for the development of six Pumped Storage Projects (PSPs) with a cumulative capacity of 6,790 MW, backed by an investment of over ₹33,600 crores.
This ambitious collaboration is poised to catapult Maharashtra to the forefront of India’s renewable energy revolution, aligning with the state’s commitment to sustainable development. The MoU was signed in the presence of Sh. Devendra Fadnavis, Hon’ble Deputy Chief Minister of Maharashtra, underscoring the state’s dedication to harnessing the power of renewable energy.
The six PSPs, including Malshej Ghat, Aruna, Kharari, Humbarli Birmani, Aruna Kolamb, and Morawadi Majarewadi, are expected to significantly contribute to the socio-economic development of the region. By promoting eco-tourism and generating employment opportunities, these projects will have a lasting impact on the local community.
THDC India Limited, a trailblazer in the power sector, has demonstrated its expertise in developing cutting-edge hydro projects. With this initiative, the company is set to further solidify its position as a leader in India’s energy landscape.
Key highlights of the MoU include:
– Water allocation facilitation by GoMWRD
– DPR preparation for each project by THDCIL
– Timely clearances and approvals assistance by the State
– Contribution to Maharashtra’s Renewable Energy targets
– Expected generation of 30 lakhs man-hours of direct/indirect employment opportunities
This landmark collaboration marks a significant milestone in Maharashtra’s journey towards a sustainable energy future. With THDC India Limited at the helm, the state is poised to become a beacon of renewable energy excellence, inspiring others to follow suit.
