Pumped storage projects may create 7,000 jobs in Maharashtra: NHPC

NHPC Ltd and the Department of Energy, government of Maharashtra have partnered to work on a pumped storage project, which could attract Rs 44,000 crore in investment and employ 7,000 people. This partnership is a step towards advancing renewable energy projects in the state and aims to promote the development of pumped storage schemes and other renewable energy ventures.

NHPC-Maharashtra govt MoU

The collaboration was formalised through a memorandum of understanding (MoU) signed between NHPC and the Maharashtra government.

The MoU sets the stage for the establishment of four pumped storage projects, which will have a combined capacity of 7,350 MW.