The Maharashtra government has signed a Memorandum of Understanding (MoU) with GSC PSP Maha to develop the 1,500 MW Panchmauli–Deolipada pumped-storage project in the Dhule and Nandurbar districts. The project, valued at approximately Rs 8,000 crore, marks the state’s 51st pumped-storage initiative. 

Chief Minister Devendra Fadnavis presided over the MoU signing between the state’s Water Resources Department and GSC PSP Maha. He directed that all approvals—covering water usage and environmental clearances—be fast-tracked. 

Fadnavis noted that Maharashtra has set a target of 100,000 MW capacity through pumped-storage projects, emphasising the role of the Sahyadri mountain ranges in providing favourable geography for such developments. 

He also highlighted the state’s ambition in solar infrastructure, citing a 16 GW distributed solar capacity aimed at meeting agricultural power demand. These efforts are intended to position Maharashtra as a leader in renewable energy and sustainable growth. 

The agreement signals a strengthened commitment to grid stability and storage expansion, vital as India deepens its renewable-energy penetration and shifts toward cleaner power systems.