The Uttarakhand government and JSW Neo Energy have signed MoUs worth Rs 150 billion during the global investor summit roadshow. Under the MoU, two 1,500 MW pumped storage projects will be set up in Almora in the next five to six years. The plan suggests the establishment of a lower dam at site 1 which is situated 8-10 km away from the Kosi River in Joskote village, Almora. Additionally, an upper reservoir will be positioned at site 2 in Kurchaun village, Almora, approximately 16 km from the Kosi River. This initiative aims to offer a significant population with access to clean drinking water and support agricultural irrigation needs. Furthermore, it will create employment opportunities for around 1,000 individuals.