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NHPC Signs MoU with RVUNL to Develop 2 GW Pumped Storage Projects in Rajasthan

NHPC has signed an MoU with Rajasthan Rajya Vidyut Utpadan Nigam (RVUNL) to jointly develop pumped storage and other renewable energy projects in Rajasthan, starting with two 1,000 MW PSPs.

May 12, 2025. By Mrinmoy Dey

NHPC has signed a Memorandum of Understanding (MoU) with Rajasthan Rajya Vidyut Utpadan Nigam (RVUNL) to develop pumped storage and other renewable energy projects in Rajasthan in joint venture mode.

In the first phase, two pumped storage projects (PSPs) of 1,000 MW each are being considered for development.

The MoU has been signed by Suprakash Adhikari, Director (Technical), NHPC and Devendra Shringi, CMD, RVUNL in the presence of Arti Dogra, IAS, Addl. Chief Secretary (Energy) and Chairman (Discoms), Govt. of Rajasthan along with ED (SBD&C), NHPC and other senior officers from state government and NHPC.

Last month, NHPC announced its plan to develop a 1200 MW solar park in Uttar Pradesh's Jalaun district at an estimated cost of INR 796.96 crore through its JV subsidiary Bundelkhand Saur Urja Ltd.

In April 2025, it also announced that NHPC has commenced full commercial operations of its 800 MW Parbati-II hydroelectric project in Himachal Pradesh, with the final 200 MW unit going live on April 16, 2025.

In January 2025, NHPC and Andhra Pradesh Power Generation Corporation formed a 50:50 joint venture company APGENCO NHPC Green Energy, for the implementation of pumped storage hydropower projects and renewable energy (solar/floating solar/wind) projects in Andhra Pradesh.

Initially, five projects namely Yaganti PSP (1,000 MW), Rajupalem PSP (800 MW), Gadikota PSP (1,200 MW), Aravetipalli PSP (1,320 MW) and Deenepalli PSP (750 MW), are considered for joint implementation.

In September 2024, NHPC signed an MoU with the Department of Water Resources, Government of Maharashtra to establish solar-pumped storage projects with a total capacity of 7,350 MW.

NHPC aims to achieve a renewable energy capacity of 16,700 MW by 2030 and plans to increase its total installed capacity to 23 GW by 2032 and over 50 GW by 2047.

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NHPC sings MoU

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