Avaada Group and Maharashtra Government Sign Pact for 3,600 MW Pumped Storage Projects

K N Mishra

    30/Apr/2025

What's covered under the Article:

  • Avaada to invest Rs. 15,100 crore in 3,600 MW pumped storage projects in Maharashtra to enhance clean energy integration.

  • Two projects, 2,400 MW Pawana Falyan and 1,200 MW Sirsala, aim to create over 3,800 direct jobs and support energy reliability.

  • Maharashtra government backs the initiative to strengthen grid balancing and renewable power access across the state.

In a groundbreaking move towards strengthening India’s renewable energy infrastructure, Avaada Group has announced a significant partnership with the Maharashtra government. On April 29, 2025, the two parties signed an agreement to develop two pumped storage projects with a combined capacity of 3,600 megawatts (MW). The total investment for these projects is estimated at Rs. 15,100 crore (US$ 1.77 billion), marking a major step in bolstering Maharashtra's energy security and contributing to India’s clean energy goals.

The two projects involved in the agreement are the Pawana Falyan Project (2,400 MW) and the Sirsala Project (1,200 MW). Together, these projects will play a crucial role in enhancing grid stability, facilitating the integration of renewable energy, and ensuring a 24/7 reliable power supply to the state.

Pumped Storage Projects: The Future of Clean Energy

Pumped storage technology has emerged as a key solution to support renewable energy integration into the national grid. As solar and wind energy generation can be intermittent, pumped storage helps balance fluctuations by storing excess energy during periods of low demand and releasing it when demand peaks.

In the case of Maharashtra, these pumped storage projects are expected to:

  • Improve energy security by providing stable electricity even during non-peak times.

  • Assist in grid balancing by mitigating fluctuations caused by renewable power generation.

  • Ensure continuous supply of clean energy, making Maharashtra a frontrunner in India's clean energy transition.

The development of these projects will also pave the way for reliable and sustainable power delivery, making Maharashtra an important player in India's energy independence.

Job Creation and Economic Impact

The pumped storage projects will have a significant positive impact on employment in the region. The projects are expected to generate over 3,800 direct employment opportunities during construction and operation. This job creation is a key part of the state government’s broader strategy to provide employment through large-scale infrastructure and energy projects, further driving economic growth in Maharashtra.

Additionally, the projects will benefit the local economy by generating indirect employment opportunities in sectors such as logistics, construction, and manufacturing. The collaboration is poised to bring long-term economic benefits, contributing to both Maharashtra's energy landscape and overall economic development.

Commitment to Clean Energy and Fast-Tracking Projects

At the signing ceremony, Maharashtra Chief Minister Mr. Devendra Fadnavis underscored the state’s commitment to becoming India’s clean energy capital. He emphasized the importance of swiftly executing signed memoranda of understanding (MoUs) to ensure timely delivery of such transformative projects.

CM Fadnavis also assured developers that the state government would extend full support to Avaada Group and other stakeholders in expediting these projects. The Maharashtra government has pledged to assist with clearances, approvals, and logistics, ensuring that the pumped storage plants are set up without unnecessary delays.

Avaada Group’s Vision for India’s Clean Energy Future

Mr. Vineet Mittal, Chairman of Avaada Group, expressed pride in the partnership, emphasizing that these projects represent a critical step toward securing India’s clean energy future. He highlighted that pumped storage systems are essential for ensuring grid reliability, especially as India continues its ambitious push to increase renewable energy capacity.

The projects are aligned with India’s renewable energy targets and the government's focus on ensuring the smooth transition to a low-carbon economy. Avaada Group has been at the forefront of clean energy solutions, with a focus on sustainable energy development, and these new pumped storage initiatives further cement their leadership in the sector.

Next Steps and Project Milestones

The two pumped storage projects will be developed in phases, with significant milestones expected in the coming years. The timeline for the projects includes:

  • Initial feasibility studies and environmental clearances, expected to be completed by late 2025.

  • Construction of key infrastructure to begin in 2026, including reservoirs, turbines, and transmission lines.

  • Full operationalization of the projects is targeted for completion by 2029.

These initiatives are crucial in ensuring that Maharashtra remains a hub for clean, reliable, and sustainable energy and serves as a model for other states and regions looking to adopt similar technologies.

Conclusion: A New Era for Maharashtra's Energy Landscape

This partnership between Avaada Group and the Maharashtra government marks a significant milestone in the state’s efforts to transition towards clean energy solutions. The pumped storage projects are expected to provide substantial economic benefits, enhance Maharashtra’s energy security, and play a vital role in India’s journey towards renewable energy dominance.

As the country accelerates its green energy transition, projects like these will be pivotal in ensuring that India can meet its energy demands sustainably while maintaining grid stability. The collaboration between the public and private sectors will undoubtedly serve as a model for future energy projects in India.

Would you like more details on India’s clean energy projects, or information about renewable energy investments in other regions?

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