Avaada to develop 3.65 GW of pumped hydro storage in India
2 May 2025
Avaada Group has signed a memorandum of understanding (MoU) with Maharashtra’s Water Resources Department to develop two major pumped storage hydro projects with a combined capacity of 3,650 MW.
Avaada, an integrated energy enterprise, will develop 2.4 GW Pawana Falyan and 1.2 GW Sirsala pumped storage projects with a cumulative investment of INR 151 billion ($1.8 billion). The projects are expected to create more than 3,800 direct employment opportunities.
Avaada stated the pumped storage initiatives will play a critical role in strengthening Maharashtra’s energy security by enabling round-the-clock renewable power, supporting grid balancing, and ensuring the seamless integration of clean energy into the state’s power mix.
Maharashtra Chief Minister Devendra Fadnavis said the state aims to become India’s green energy hub and offered full state government support to accelerate project execution.
“This agreement is a decisive step towards securing India’s clean energy future,” added Avaada Group Chairman Vineet Mittal. “Pumped storage solutions are pivotal for maintaining grid reliability and ensuring renewable energy availability round-the-clock.”
Related
-
OETC plans 51 power transmission projects across Oman by 2029
23 May 2025
-
ACCIONA will renovate one of London's main water treatment plants
22 May 2025
-
Kuwait launches tender for 500 MW of solar
22 May 2025
-
Korea National Railway to advise Poland on high-speed rail
22 May 2025
-
Adnoc signs $60bn of agreements with US companies
21 May 2025
-
Oman reveals qualified bidders for 2.4GW power projects
21 May 2025