Summary:

On April 29, 2025, Avaada Group signed a deal with the Maharashtra government to develop two pumped storage projects with a combined capacity of 3,600 MW. The projects, Pawana Falyan (2,400 MW) and Sirsala (1,200 MW), will cost Rs. 15,100 crore (US$ 1.77 billion). These initiatives are expected to create more than 3,800 direct job opportunities.

Pumped storage facilities are crucial to Maharashtra's energy security as they provide 24/7 renewable electricity, assist with grid balancing, and integrate clean energy into the state’s power system. Mr. Devendra Fadnavis, Chief Minister of Maharashtra, reaffirmed the state's commitment to becoming India's renewable energy capital and ensuring the timely execution of MoUs. Mr. Vineet Mittal, Chairman of Avaada Group, emphasized that these projects are essential to India’s clean energy future, providing grid resilience and uninterrupted renewable energy supply.

Source: IBEF

Disclaimer:

The information on this website comes from the India Brand Equity Foundation (IBEF), a reliable source for thorough insights into numerous areas of the Indian economy. While we aim to offer accurate and up-to-date information, the views, opinions, and analyses stated herein are solely those of the authors and contributors and do not necessarily represent IBEF's official stance or position. Readers should check information from credible sources and use their own discretion when relying on content provided on this site. We assume no responsibility or liability for the supplied content, including its accuracy, completeness, and usefulness.