How is Maharashtra Planning to Become a Pumped Storage Hub?
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Synopsis
Maharashtra is on track to become a major Pumped Storage Hub, with CM Devendra Fadnavis announcing significant investments and job creation through new pumped hydro projects. This ambitious plan highlights the state's leadership in renewable energy and aims for swift project completion.
Key Takeaways
- Maharashtra aims to become a leading Pumped Storage Hub.
- Current generation capacity stands at 76,115 MW.
- New MoUs will add 5,800 MW and create 11,500 jobs.
- Investment of Rs 23,800 crore expected from new projects.
- Support from the Central government is essential for project acceleration.
Nagpur, December 10 (NationPress) Chief Minister Devendra Fadnavis announced on Wednesday that Maharashtra is set to transform into a Pumped Storage Hub, stating that the state has achieved a remarkable generation capacity of 76,115 MW in pumped storage.
During the event attended by CM Devendra Fadnavis, several MoUs were signed.
The Chief Minister emphasized that the MoUs signed for developing pumped storage projects in Maharashtra will contribute an additional 5,800 MW of capacity, attracting an investment of Rs 23,800 crore and creating around 11,500 jobs.
As per the government announcement, a total of 54 MoUs have been executed for pumped hydro projects statewide. The latest MoUs will enhance power generation by 5,800 MW. Notably, the Western Ghats Pumped Storage Project is anticipated to be the largest in the nation.
The Chief Minister reported that the cumulative count of 54 MoUs for pumped hydro projects will lead to a total generation capacity of 76,115 MW, drawing a total investment of Rs 4.06 lakh crore and generating 1.25 lakh jobs.
He noted that the state's policy regarding the development of Pumped Hydroelectric Projects through Public-Private Partnership (PPP) was launched on December 20, 2023. The MoUs signed today align with this policy.
CM Fadnavis asserted that Maharashtra is at the forefront in the nation concerning pumped storage potential.
"The state benefits from an exceptionally favorable environment for pumped storage, thanks to the Western Ghats and the extensive dam network," he remarked.
Moreover, he noted that support from the Central government is expediting these projects, which will be instrumental in managing the variability of renewable energy.
He assured that all departments will collaborate effectively to ensure the projects are completed as swiftly as possible.
Point of View
It’s evident that Maharashtra is making significant strides in renewable energy. The ambitious plans for pumped storage projects reflect a commitment to sustainable development, economic growth, and job creation. The state's proactive approach in collaborating with the private sector signals a future where renewable energy can effectively meet the demands of a fast-evolving energy landscape.
NationPress
11/12/2025
Frequently Asked Questions
What is the purpose of the pumped storage projects in Maharashtra?
The pumped storage projects aim to enhance the state's energy generation capacity, ensuring better management of renewable energy resources and creating significant economic opportunities.
How much investment is expected from the new MoUs?
The new MoUs are anticipated to attract an investment of Rs 23,800 crore.
What is the expected job creation from these projects?
The pumped storage projects are expected to generate approximately 11,500 jobs.
What is the total capacity of pumped storage projects signed so far?
A total of 76,115 MW has been achieved through 54 MoUs signed for pumped hydro projects.
What role does the Central government play in these projects?
The Central government’s support is crucial in accelerating the development of these pumped storage projects, helping to balance renewable energy intermittency.
