Megha Engineering & Infrastructures (MEIL) plans to invest ₹21,000 crore in order to build two 4,000 MW pumped storage hydro projects in Maharashtra. The Deputy Chief Minister, Devendra Fadnavis, was present when the firm inked an agreement with the Maharashtra Water Resources Department.
The projects will be carried out under the build-operate-maintain (BOM) style. They include the Ghosla pumped storage project in Chhatrapati Sambhajinagar and the Kamod pumped storage project in Nandurbar. It is anticipated that the initiatives would create about 2,500 employment.
MEIL to Invest ₹21,000 Crore in Two Pumped Storage Hydro Projects in Maharashtra
Megha Engineering & Infrastructures Ltd (MEIL) has announced an investment of ₹21,000 crore to develop two pumped storage hydro projects in Maharashtra. These projects aim to enhance renewable energy generation and support the state’s power infrastructure by ensuring energy storage and grid stability.
Project Overview
The two pumped storage hydro projects will be developed in strategic locations to optimize power generation and distribution. They will utilize surplus energy during off-peak hours to pump water to higher elevations and release it during peak demand periods to generate electricity.
Key Features of the Projects
- Total Investment: ₹21,000 crore
- Energy Storage Capacity: Several gigawatt-hours (GWh)
- Technology: Advanced pumped hydro storage system
- Environmental Impact: Sustainable and low-carbon power solution
- Employment Generation: Thousands of direct and indirect job opportunities
Significance & Benefits
The pumped storage hydro projects will:
- Enhance Grid Stability: Help balance demand and supply fluctuations.
- Promote Renewable Energy Use: Store and dispatch clean energy efficiently.
- Reduce Dependence on Fossil Fuels: Support India’s transition to a greener energy mix.
- Boost Economic Growth: Attract investment and create employment in Maharashtra.
Implementation & Timeline
MEIL has planned a phased execution strategy for the projects, with completion expected within the next few years. The company is working in coordination with state and central agencies to ensure timely approvals and smooth implementation.
Group Media Publication
Construction, Infrastructure and Mining
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