Welspun New Energy plans to set up pumped storage project in Maharashtra with Rs 5,000 cr investment

Mumbai (Maharashtra) [India], September 4 (ANI): Welspun Group company Welspun New Energy has signed a Memorandum of Understanding (MoU) with the Maharashtra government to develop a 1.2 GW pumped hydroelectric storage project.

As per a company release, the project, named 'Dhamni Pumped Hydro project', would come with an investment of approximately Rs 5,000 crore. The 1.2 GW pumped hydro project shall be constructed in the