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NHPC Inks MoU with APGENCO for Pumped Hydro Storage Projects

NHPC has signed a memorandum of understanding (MoU) with Andhra Pradesh Power Generation Corporation (APGENCO), to execute pumped hydro storage projects and renewable energy projects in Andhra Pradesh. The MoU was signed at Tadepalli in Guntur, Andhra Pradesh, in the presence of Chief Minister Y S Jagan Mohan Reddy.

 

The MoU is for developing two pumped hydro storage projects with a total capacity of 1,950 MW in the first phase. These projects will come up at Kamalapadu (950 MW) and Yaganti (1,000 MW). A joint venture (JV) will be formed to execute the projects.

 

This is aligned to the national objective of generating clean energy of 500 GW from non-fossil fuel sources by 2030 and achieving net-zero target by 2070.

 

The pumped storage system utilizes surplus grid power available from thermal power stations to pump up water from lower to upper reservoir and produces electricity during peak demand.

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