By PTI | New Delhi
The Maharashtra government on Monday signed a Memorandum of Understanding (MoU) worth Rs 8,000 crore with GSC PSP Maha Pvt Ltd of Haryana for the Panchmauli-Devalipada Pumped Storage Hydroelectric Project in Dhule and Nandurbar districts.
The Panchmauli-Devalipada project, with an installed capacity of 1,500 MW, is expected to create about 2,500 jobs. It will require around 19.29 TMC of initial water storage and 3.24 TMC annually for replenishment, generating estimated annual revenue of over Rs 1,100 crore for the state.
The agreement was signed in the presence of Chief Minister Devendra Fadnavis at Sahyadri Guest House here between Additional Chief Secretary Deepak Kapoor and GSC PSP Maha Pvt Ltd chairman and managing director Sumit Nanda, an official release said.
On the same day, Andhra Pradesh IT Minister Nara Lokesh said the state will sign 410 agreements to attract investments worth Rs 9.8 lakh crore during the upcoming CII Partnership Summit.
The two-day summit will be held in Visakhapatnam on November 14 and 15.
“The state government will sign 410 MoUs aimed at an investment of Rs 9.8 lakh crore,” Lokesh said at a press conference at the CM’s camp office in Undavalli.
Image Source: Tata Power
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