Avaada to develop 2,750-MW pumped storage projects

A total of $168.67b (INR14,000 crore) will be invested.

Avaada Group has inked a memorandum of understanding with the Government of Maharashtra for the development of two pumped storage projects (PSPs) with a combined capacity of 2,750 megawatts (MW).

In a statement, Avaada said the deal was signed between the Water Resources Department, Government of Maharashtra and Avaada Aqua Batteries Pvt Ltd, a subsidiary of Avaada Group. The two projects will include the 1,500 MW Pawana Falyan PSP in the Pune and Raigad districts, and the 1,250 MW Kumbhavade PSP in the Kolhapur and Ratnagiri districts.

These projects have a total investment of approximately $168.67b (INR14,000 crore) over the next five to seven years.

“The adoption of advanced pumped storage technology will significantly reduce carbon emissions, aligning with both state and national goals for a greener future,” Avaada said.

Aside from this, Avaada is also developing other renewable energy projects in Maharashtra, such as decentralised agricultural solar photovoltaic projects, solar and wind hybrid installations, and green hydrogen.

$1 = INR83

Follow the link for more news on

Avaada Energy

Also Read

Gippsland Dawn Offshore Wind Project bags major project status

Sinopec’s Xianyang geothermal project goes live

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit