The Maharashtra government’s Energy Department signed an MOU with Adani Green Energy Group Ltd (AGEL) to generate 11000 MW of green power over the next five years. According to a government statement, it would require an investment of Rs 60,000 crore and would employ 30,000 people.
According to the agreement, AGEL will establish Pumped Storage Projects (PSP) in the next four to five years, generating approximately 11,000 MW of power, according to a statement issued by the state energy department.
The state will benefit greatly from PSPs that generate or store electricity using non-conventional energy sources, it said, adding that they will be especially useful for emergency power generation in the event of a power outage. The agreement was signed by Narayan Karad, Deputy Secretary, Maharashtra Department of Energy, and Ajit Barodia, Senior Vice President, Adani Industries Group.