Avaada, Maharashtra Sign Pact for Pumped Storage Projects
POWER & RENEWABLE ENERGY

Avaada, Maharashtra Sign Pact for Pumped Storage Projects

Avaada Group has signed a memorandum of understanding with the Maharashtra government to develop two pumped storage hydro projects with a combined capacity of 3,600 megawatts (MW). The total investment is estimated at Rs 151 billion.

The projects include the 2,400 MW Pawana Falyan facility and the 1,200 MW Sirsala facility. According to Avaada, the developments are expected to generate more than 3,800 direct employment opportunities and contribute to Maharashtra’s ambition of becoming a leading clean energy hub.

These pumped storage projects are designed to enhance the state's energy security by providing round-the-clock renewable power, supporting grid balancing, and integrating clean energy into the power system.

The agreement was signed between Avaada and multiple state agencies, including the Water Resources Department, Maharashtra State Power Generation Company (MAHAGENCO), and Mahagenco Renewable Limited (MAHAREL).

Chief Minister Devendra Fadnavis confirmed that the broader plan includes pumped storage projects totalling 8,905 MW with Rs 572.6 Bn in investment and the creation of around 9,200 jobs. Sites include Ghatghar, Kodali, Varasgaon, and Panshet among others.

The state aims to generate 50 per cent of its total energy capacity from renewable sources.

Source:Press Trust of India (PTI)

Avaada Group has signed a memorandum of understanding with the Maharashtra government to develop two pumped storage hydro projects with a combined capacity of 3,600 megawatts (MW). The total investment is estimated at Rs 151 billion.The projects include the 2,400 MW Pawana Falyan facility and the 1,200 MW Sirsala facility. According to Avaada, the developments are expected to generate more than 3,800 direct employment opportunities and contribute to Maharashtra’s ambition of becoming a leading clean energy hub.These pumped storage projects are designed to enhance the state's energy security by providing round-the-clock renewable power, supporting grid balancing, and integrating clean energy into the power system.The agreement was signed between Avaada and multiple state agencies, including the Water Resources Department, Maharashtra State Power Generation Company (MAHAGENCO), and Mahagenco Renewable Limited (MAHAREL).Chief Minister Devendra Fadnavis confirmed that the broader plan includes pumped storage projects totalling 8,905 MW with Rs 572.6 Bn in investment and the creation of around 9,200 jobs. Sites include Ghatghar, Kodali, Varasgaon, and Panshet among others.The state aims to generate 50 per cent of its total energy capacity from renewable sources.Source:Press Trust of India (PTI)

Next Story
Infrastructure Urban

ICMM CEO Rohitesh Dhawan Visits Hindustan Zinc

Hindustan Zinc, India’s only and the world’s largest integrated zinc producer, hosted Rohitesh Dhawan, President & CEO of the International Council on Mining and Metals (ICMM), at its flagship Sindesar Khurd Mine (SKM) in Rajasthan. The visit follows Hindustan Zinc’s induction as the first Indian company into ICMM, marking a significant milestone for India’s mining sector on the global sustainability stage.Dhawan, accompanied by run Misra, CEO of Hindustan Zinc, and the senior leadership team, toured Sindesar Khurd Mine – the world’s fourth-largest silver-producing mine – to ..

Next Story
Infrastructure Urban

Amit Gupta Appointed CFO of Vedanta Jharsuguda Unit

Vedanta Aluminium has announced the appointment of Amit Gupta as Deputy Chief Financial Officer of its aluminium business and Chief Financial Officer of its Jharsuguda unit in Odisha.Gupta has been associated with the Vedanta Group since 2018, beginning as Group Head – FP&A at Vedanta Resources. With over two decades of cross-sector experience, he brings strong expertise in financial strategy, project finance, and business transformation.Prior to this role, he served as CFO of Bharat Aluminium Company (BALCO), where he led finance operations for more than four years. He has also held sen..

Next Story
Infrastructure Energy

Adani Power To Build 2,400 MW Plant in Bihar

Adani Power on Saturday (September 13, 2025) announced plans to set up a 2,400 MW ultra super-critical power plant in Bihar at an investment of $3 billion (around Rs 26.48 billion).The company has signed a 25-year Power Supply Agreement (PSA) with Bihar State Power Generation Company Ltd (BSPGCL) to supply electricity from the project, which will be located at Pirpainti in Bhagalpur district.The PSA follows a Letter of Award issued by BSPGCL to Adani Power on behalf of North Bihar Power Distribution Company Ltd (NBPDCL) and South Bihar Power Distribution Company Ltd (SBPDCL) in August. Adani P..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?