Guwahati, June 23 -- The Assam Cabinet has approved a series of proposals spanning renewable energy development, social welfare, ecological conservation, and mineral exploration.

The Cabinet cleared the allotment of a self-identified site in West Karbi Anglong to Hinduja Renewables Energy Private Limited for the development of a 900 MW off-stream Pumped Storage Project (PSP).

The project involves an investment of Rs 5,400 crore and will contribute to the state's target of achieving 2 GW PSP capacity by 2030. It aims to support grid stability by storing surplus electricity during off-peak hours and releasing it during peak demand.

The Cabinet also approved the establishment of the Assam Industrial and Green Growth Fund, a Rs 3,000 crore...