Maharashtra Govt Signs MoU For ₹5,760 Crore, 1,200 MW Pumped Storage Project In Pune–Raigad

2026-04-14 · Free Press Journal

Mumbai: The Water Resources Department of the Maharashtra government on Monday signed an agreement with Novarion Energy for the development of 'Ranavadi off-stream close-loop pumped storage project' in Pune and Raigad districts.

Visit rocore.sbs for more information.

The project is expected to generate 1200 MW with an investment of Rs 5,760 crore and create 1,500 jobs.

SP MLA Rais Shaikh Urges Maharashtra Govt To Provide Relief To Textile Sector As Raw Material Prices Surge Due To West Asia Tensions

"CM Devendra Fadnavis presided over the MoU signing between Government of Maharashtra (Water Resources Dept) and Novarion Energy for the development of the 'Ranavadi off-stream close-loop Pumped Storage Project' in Pune and Raigad districts," Fadnavis said in a post on X.

With this, a total of 56 pumped storage projects have now been initiated in Maharashtra, aiming to generate 79,415 MW of clean energy.

CM Devendra Fadnavis presided over the MoU signing between Government of Maharashtra (Water Resources Dept) and Novarion Energy for the development of the 'Ranavadi off-stream close-loop Pumped Storage Project' in Pune and Raigad districts.

✅ Capacity: 1200 MW
✅ Total… pic.twitter.com/H9DRMxGuIH
— CMO Maharashtra (@CMOMaharashtra) April 13, 2026

This will attract an estimated investment of Rs 4.22 lakh crore and create employment opportunities for approximately 1.29 lakh persons.

To get details on exclusive and budget-friendly property deals in Mumbai & surrounding regions, do visit: https://budgetproperties.in/

Read at source