THDC to harness 6,790 MW pumped hydropower storage at Rs 33,600 cr

THDC India on Tuesday said it has signed a pact with the Maharashtra government for harnessing six PSPs (pumped hydro power storage project) totalling 6,790 MW with an investment of over Rs 33,600 crore.

The agreement aims to facilitate the developer in conducting surveys, investigations, preparing Detailed Project Reports (DPRs), and establishing projects in a time-bound manner while adhering to the prevailing rules, policies, and schemes of both the central and state governments, a company statement said.

According to the statement, the memorandum of understanding (MoU) was signed with the Department of Water Resources, Government of Maharashtra, for harnessing of Pumped Storage Energy through six PSPs, totalling 6,790 MW capacity and involving a proposed investment of more than Rs 33,600 crore.

The six planned projects under this MoU are Malshej Ghat Pumped Storage Project (700 MW), Aruna Pumped Storage Project (1,950 MW), Kharari Pumped Storage Project (1,250 MW), Humbarli Birma