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EDF Power Solutions India has finalized a MoU for a 2,100 MW pumped storage project in Maharashtra. This initiative adds to the existing 54 pumped storage schemes in the state, which collectively aim for a capacity of 78,215 MW and an investment of around Rs 4,170 billion.

The project is expected to facilitate renewable energy grid integration, providing balancing and storage capacity for solar and wind energy. The state government anticipates benefits such as improved grid stability, cleaner energy capacity, and local employment opportunities. Further studies and financing arrangements will be conducted prior to construction, with the Pimpalpada-Savale scheme marking a significant step in Maharashtra's energy transition.