Daijiworld Media Network - Mumbai

Mumbai, Nov 3: The Maharashtra government on Monday signed a memorandum of understanding (MoU) worth Rs 8,000 crore with GSC PSP Maha Private Limited for the Panchmauli–Dewalipada Pumped Hydropower Project in the Dhule–Nandurbar region.

The agreement, inked in the presence of chief minister Devendra Fadnavis, marks a major step toward strengthening the state’s renewable energy capacity and stabilising its power grid.

The project, with an installed capacity of 1,500 MW, is expected to generate around 2,500 direct jobs. It will utilise 19.29 TMC of water for initial storage and 3.24 TMC annually for replenishment. The state anticipates revenue of Rs 1,762.21 crore from the initial water recharge and Rs 1,128.32 crore from annual recharges, according to a

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