Adani Group to Invest $3 Billion in Pumped-Storage Hydropower Expansion

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The Adani Group has announced plans to invest ?25,000-27,500 crore (approximately $3 billion) to establish its inaugural pumped-storage hydropower (PSH) facility. Adani Green Energy Limited (AGEL) aims to develop 5 GW of PSH capacity over the next five years, with ambitions to scale up to 25 GW. This initiative will augment the group’s total green energy capacity to 70 GW and involve setting up PSH generation facilities across Maharashtra, Andhra Pradesh, Tamil Nadu, and Telangana.

Note: The above-mentioned news was first published by us in our ProjectX India | 1st July 2024 edition.. Do you want to buy this issue or our latest issue? If yes! click here

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