The Maharashtra government’s water resources department recently signed three memoranda of understanding (MOUs) to develop pump storage hydro power projects with a combined capacity of 5,630 megawatts (MW). These projects are estimated to require an investment of ₹24,631 crore and are expected to create around 10,300 jobs in the state.
This initiative is in line with the state government’s efforts to increase hydro power generation capacity using a pump storage system. This innovative approach involves generating hydro power from an upper reservoir, storing the water in a lower reservoir, and pumping it back to the upper reservoir at night to generate more power during peak daytime demand.
The MOUs were signed with state-owned Mahagenco, Tata Power, and Avaada Group to develop these hydro power projects. Mahagenco plans to develop an 80 MW pump storage project at the Koyna left bank dam foot power house, which will enhance its existing power generation capacity. Tata Power has committed to developing two pumped hydro storage projects in the state, with proposed commissioning dates in the financial years 2027 and 2028. Avaada Group, known for its expertise in green energy, will be developing two pumped storage projects with a combined capacity of 2,750 MW.
These agreements are a significant step towards Maharashtra’s goal of generating 50% of its total power from renewable sources by 2030. The pump storage hydro power projects are expected to play a crucial role in meeting the state’s growing energy demands while contributing to its renewable energy targets. The collaboration between government entities and private sector companies in developing these projects highlights the potential for large-scale infrastructure projects to drive sustainable development in the state.
As these projects progress, they are likely to have a substantial impact on Maharashtra’s energy landscape and could serve as a model for other states looking to expand their renewable energy capabilities. The investments and job creation associated with these projects are expected to bring about positive economic and environmental benefits for the state in the coming years.
