THDC India Ltd on Tuesday signed a memorandum of understanding (MoU) with the Maharashtra government for six pumped hydro storage projects of 6,790 MW capacity that entails an investment of more than Rs33,600 crore.
The agreement will facilitate in conducting surveys, investigations, and preparation of detailed project reports as well as in establishing projects in a time-bound manner. This initiative will enable THDC to harness the untapped potential of pumped storage projects in Maharashtra, the government said.
The six planned projects under this agreement are the Malshej Ghat pumped storage project of 700 MW, the Aruna project of 1,950 MW, the Kharari project 1,250 MW, the Humbarli Birmani project of 1,000 MW, the Aruna Kolamb project of 1,200 MW, and the Morawadi Majarewadi project of 690 MW.
As part of the collaboration, the Maharashtra government will facilitate the process of water allocation necessary for the projects, including both initial filling and annual consumptive requirements.
THDC will prepare detailed project reports for each project and submit them for approval to the Central Electricity Authority and Maharashtra's Department of Water Resources.