The state government on Tuesday signed a memorandum of understanding with a group of public and private companies for the production of 13,500MW of pumped storage  hydropower (PSH). The project will bring an investment of Rs 71,000 crore and create nearly 30,000 jobs in the state, said Deputy Chief Minister Devendra Fadnavis.

Our government is working for the common people. We don’t work from home like our predecessors,” said Fadnavis, who also heads the state’s energy department. The two firms, with whom the MoUs have been signed, will produce the renewable energy through pumped storage hydropower (PSH) projects. The state government expects the projects to be completed in three years from the day the work begins. Maharashtra currently has a PSH pilot project in Ghatghar.