Welspun New Energy plans to set up a 1.2 GW pumped hydroelectric storage project.
The project is named the DhamniPumpedHydro project.
It will be located in the Pune and Raigad districts of Maharashtra.
The investment for this project is approximately ₹5,000 crore. app. $600 million USD.
The project is expected to be completed over the next 6-7 years.
This initiative aims to enhance renewable energy capacity and grid stability in India.
Pumped hydro storage helps balance supply and demand by storing energy from renewable sources like wind and solar.
Originally published on LinkedIn on 2024-09-05 23:18:13: https://www.linkedin.com/feed/update/urn%3Ali%3AgroupPost%3A60128-7237599937406894080
