Hydro, nuclear developers eye India pumped storage

India’s Tehri Hydro Development Corp. (THDC) and Nuclear Power Corp. of India Ltd. (NPCIL) are considering joint development of two pumped-storage projects in India’s Maharashtra State.

The projects, of about 600 MW, could be the first hydropower projects to be developed by the companies under a memorandum of understanding signed in February, Press Trust of India reported. Under the agreement, THDC would provide technical expertise, while NPCIL would provide financial and technical help.

THDC Chairman R.K. Sharma said the companies have not yet negotiated with the Maharashtra government about the projects, valued at 30 billion rupees (US$652 million).

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