Tehri Hydro Development Corporation announced that it has signed a MoU with Nuclear Power Corporation of India Ltd to jointly develop pumped storage schemes and other hydel projects.

THDC would provide technical expertise and NPCIL would provide financial assistance for any projects taken up jointly by them under the agreement. THDC and NPCIL are already looking at a INR 3,000 crore pumped storage schemes in the power deficit State of Maharashtra.