The Energy department of Maharashtra government has signed an MoU with Adani Green Energy Group Ltd (AGEL) to generate green power. It would require an investment of Rs 60,000 crore and generate employment.
AGEL will set up Pumped Storage Projects (PSP) in the next five years, and will produce 11,000 MW power. The MoU was signed by Narayan Karad, Deputy Secretary, Department of Energy, Maharashtra and Ajit Barodia, Senior Vice President, Adani Industries Group.