The government of Maharashtra (Water Resources Department of Maharashtra) has signed a memorandum of understanding (MoU) with Chambery Power Private Limited, a subsidiary of EDF Power Solutions India Pvt. Ltd., to develop the Pimpalpada–Savale pumped storage hydro project with a capacity of 2,100 MW.
The MoU was signed in the presence of Chief Minister Devendra Fadnavis and senior state government officials. The project will be developed across the districts of Pune and Raigad and is expected to play a key role in strengthening the state’s renewable energy storage infrastructure.
According to official estimates, the project will involve an investment of approximately ₹10,217 crore and is expected to generate around 2,500 employment opportunities during its development and operational phases.
Pumped storage projects function as large-scale energy storage systems by using surplus electricity to pump water to an upper reservoir and releasing it to generate electricity during peak demand periods. Such projects are considered critical for balancing intermittent renewable energy sources like solar and wind.
With this agreement, Maharashtra’s pipeline of pumped storage projects has expanded to 55 projects with a combined capacity of about 78,215 MW. The state government estimates that these projects could attract investments worth ₹4.17 lakh crore and generate employment for approximately 1.28 lakh people.
The signing ceremony was attended by state ministers including Radhakrishna Vikhe Patil and Girish Mahajan, along with Guirec Servan, CEO of EDF Power Solutions India, and other officials.
The expansion of pumped storage capacity aligns with India’s broader clean energy transition goals. The Government of India has set an ambitious target of achieving 500 GW of non-fossil fuel power capacity by 2030, which includes solar, wind, hydro, nuclear, and energy storage systems. Large-scale storage projects like pumped hydro are expected to play a critical role in supporting grid stability and enabling higher penetration of renewable energy in the country’s power mix.
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