A Memorandum of Understanding (MoU) has been signed between NHPC Limited and Maharashtra government for the development of pumped storage schemes and other renewable energy projects in the state. 

• It envisages the development of four pumped storage projects with a total capacity of 7,350 MW.
• These projects will attract an investment of about Rs. 44,000 crores and will generate indirect and direct employment for 7,000 people in the state, said NHPC CMD RK Vishnoi.
• Pumped storage systems utilise surplus power from thermal power stations or other sources to pump up water from the lower to the upper reservoir and reproduce power when there is a scarcity of power.