The Government of Telangana has entered into a Memorandum of Understanding with Sun Petrochemicals, to develop three Pumped Storage Hydro Power projects in the districts of Nagarkurnool, Mancherial, and Mulugu.
These projects will have a combined capacity of 3,400 MW and will be complemented by downstream integrated solar power plants with a capacity of 5,440 MW. With an estimated investment of ₹45,500 crore, it is is expected to create over 7,000 jobs during the construction phase, a statement said.
The MoU was signed between senior officials of the Government of Telangana and Sun Petrochemicals, at Davos.
The collaboration aims to harness renewable energy resources efficiently, addressing energy demands while supporting the State’s green energy transition.