MEIL Signs MoU with Maharashtra Government for Development of 4000 MW Pumped Storage Hydro Projects
#MeghaEngineering #EnergyStorage #HydroPowerProject #PumpedStorage #HydroEnergy"These projects will not only address Maharashtra's energy needs but also drive the state's development. We are proud to contribute to national progress by supplying power through the grid across India." - R.V.R. Kishore, President, MEIL.
September 2024 : Megha Engineering & Infrastructures Limited (MEIL) has signed a Memorandum of Understanding (MoU) with the Department of Water Resources, Government of Maharashtra, to develop two prominent Pumped Storage Projects with a total capacity of 4000 MW, the Kamod Pumped Storage Project in Nandurbar District and the Ghosla Pumped Storage Project in Chhatrapati Sambhajinagar District in the state of Maharashtra. MEIL is executing its first pumped storage hydro projects under the 'Build-Operate-Maintain (BOM)' method.
These two projects will involve an estimated investment of INR ₹ 21,100 crores and are expected to generate employment for approximately 2,500 people. MEIL plans to complete the Ghosla Pumped Storage Project within three and a half years, while the Kamod Pumped Storage Project is expected to be completed in five years.
The two Pumped Storage Projects are off-stream in nature and the projects are planned to provide a minimum of 6 hours of energy storage on a daily basis. The Pumped Storage Projects will have newly constructed reservoirs i.e., Upper and Lower reservoirs (closed loop system) utilizing the head for the generation of power.
The MoU signing event was attended by Devendra Fadnavis, Deputy Chief Minister,Maharashtra and Deepak Kapoor, Additional Chief Secretary of the Water Resources Department, representing the Maharashtra State Government. Megha Engineering & Infrastructures Limited (MEIL) was represented by company R.V.R. Kishore, President along with other MEIL associates Girish, Ravi Kiran, and Sameer Jha.
On this MoU Ceremony between MEIL and Govt. of Maharashtra, Mr. Kishore said, "These projects will not only address Maharashtra's energy needs but also drive the state's development. We are proud to contribute to national progress by supplying power through the grid across India."
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