The Water Resource Department of Maharashtra has inked an MoU with Chambery Power, a group company of EDF Power Solutions India. The MoU is for the development of the 2,100 MW Pimpalpada–Savale pumped storage project (PSP) in the Pune and Raigad districts of Maharashtra.
The proposed PSP is expected to entail a total investment of approximately Rs 102.17 billion. It is also likely to generate around 2,500 employment opportunities during its development and operational phases.
Furthermore, with the addition of this project, the number of PSPs initiated in Maharashtra has increased to 55, with a combined planned capacity of 78,215 MW. These projects are expected to attract an estimated investment of about Rs 4,170 billion.
