Avaada Group to develop 3,650 MW pumped storage projects in Maharashtra

The facilities will directly employ over 3,800 people.

Avaada Group and the Water Resources Department of the Government of Maharashtra have signed a memorandum of understanding to develop 3,650 megawatts (MW) of pumped storage hydro projects.

In a statement, Avaada said the two major pumped storage hydro projects are the 2,400 MW Pawana Falyan and 1,200 MW Sirsala. These are expected to see a cumulative investment of INR 15,100 crores and generate over 3,800 direct employment opportunities.

“In addition to driving sustainable development and regional economic growth, the projects reinforce India’s national target of achieving 500 gigawatts of non-fossil fuel energy capacity by 2030,” the company said.