Devendra Fadnavis, Chief Minister of Maharashtra, announced that the state has signed a memorandum of understanding between the Water Resources Department and Chambery Power Private Limited, a group company of EDF Power Solutions India, to develop the Pimpalpada-Savale pumped storage scheme. The project is proposed at 2,100 megawatt (MW) capacity and carries an estimated investment of Rs 102,170 million (mn). It will be located across the Pune district and Raigad district and is expected to create around 2,500 jobs.

Officials said the MoU exchange was completed in the presence of senior state ministers and EDF Power Solutions India leadership and that the agreement advances the state energy plan. The development brings the tally of initiated pumped storage schemes in Maharashtra to 55 with a combined planned capacity of 78,215 megawatt. The projects are set to attract investment of about Rs 4,170,000 million (mn) and support broader grid integration of renewable energy.

EDF has previously partnered with Indian entities on various energy projects and has expertise across nuclear and hydro sectors, including collaborations with public sector undertakings and bids in wind energy tenders. The company won a Gujarat Urja Vikas Nigam Limited tender through an affiliate for a 40 megawatt wind project at a tariff of Rs 3.59 per kWh under a recent phase. Authorities noted that the pumped storage initiative will provide seasonal balancing and storage capacity to complement solar and wind generation.

The state government indicated that the cumulative initiatives could deliver cleaner capacity while supporting local employment and supply chains, with benefits for grid stability and renewable uptake. Project proponents will advance detailed studies, clearances and financing arrangements before construction commences. Officials said the Pimpalpada-Savale scheme represents a strategic step in Maharashtra's long-term energy transition.