Welspun New Energy, the green energy infrastructure arm of Welspun World, has signed a Rs 13,500 crore Memorandum of Understanding (MoU) with Odisha government for projects in the eastern state.
As per a company release, the project, named 'Dhamni Pumped Hydro project', would come with an investment of approximately Rs 5,000 crore. The 1.2 GW pumped hydro project shall be constructed in the Pune and Raigad districts over the next 6-7 years.
Welspun World, through its entity Welspun New Energy Limited, is committed to supporting Gujarat's decarbonisation ambitions with a cumulative investment of over Rs 40,000 crores.