India signs deal with Singapore's GSC Group for 1.5 GW hydro storage project

Singapore-based GSC Group says the planned pumped storage facility will support India's grid stability and renewable energy expansion amid surging solar deployment.From pv magazine India The Indian state of Maharashtra has signed a memorandum of understanding worth $$960 million) with GSC Group of Singapore for the 1.5 GW Panchmauli-Devalipada pumped storage hydroelectric project in Dhule and Nandurbar districts. The project is expected to create about 2,500 jobs. GSC, which operates the 96 MW Jorethang Loop and 97 MW Tashiding hydroelectric projects in Sikkim, has now signed its third set of ...

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