The Energy department of Maharashtra has signed a memorandum of understanding (MoU) with Adani Group to bring 11 GW green power to the state in the next five years.
The project would entail an investment of Rs 600 billion. Reportedly, according to the agreement, Adani Group will set up pumped storage projects (PSP) in the next four to five years. The state will reap many benefits from PSPs which will generate or store electricity with the help of non-conventional energy sources. Also, it will be especially useful for immediate power generation in case of shortage.