NHPC Ltd said it has re-entered a memorandum of understanding (MoU) with the Department of Water Resources (WRD), Government of Maharashtra, to establish energy storage systems, specifically pumped storage projects (PSPs), across the state.
This comes as a succession of MoUs signed with Maharashtra’s Department of Energy for developing renewable energy sources, including solar, wind, and hybrid systems, with a total capacity of 7,350 MW.
The revised MoU, signed on September 3, 2024, comes after the issuance of a corrigendum on July 31, 2024, concerning the state’s policy for developing PSPs through public-private partnerships.
