Current Affairs - State - Discussion

The ₹8,000 crore MoU for the 1,500 MW Panchmauli-Devalipada Pumped Storage Hydroelectric Project was signed by the Maharashtra government with GSC PSP Maha Pvt Ltd. This large-scale renewable energy initiative, located in Dhule and Nandurbar districts, aims to generate 2,500 jobs and ₹1,100 crore annual revenue. By utilizing 19.29 TMC of initial water storage, the project demonstrates Maharashtra’s commitment to expanding sustainable power infrastructure and strengthening its position in India’s renewable energy sector.