+
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)

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code