Prime Minister Narendra Modi on Monday laid the foundation stone for four projects being developed by Torrent Power in Uttar Pradesh with an investment of around INR 25,000 crore (over $3 billion).
The projects include two pumped storage hydro projects with a total capacity of 4.15 GW in the Sonbhadra district, a 150 MW solar power plant in the Lalitpur district (of the Bundelkhkand region of Uttar Pradesh), and a pilot green hydrogen production facility in Gorakhpur. In the Gorakhpur project, green hydrogen will be produced and blended with the gas distribution network being built by Torrent Gas. This will be one of the largest green hydrogen and natural gas blending projects in the country.
The four projects are expected to generate direct and indirect employment opportunities for about 8,000 people in the State.
Torrent Group had signed a Memorandum of Understanding (MoU) with the State government of Uttar Pradesh for these projects during the UP Global Investors Summit 2023 held in February 2023.
Torrent Power, an integrated power utility company of the Torrent Group, has presence across the entire power value chain – generation, transmission and distribution. The company has an aggregate installed generation capacity of 4,287 MW comprising 2,730 MW of gas-based capacity, 1,195 MW of renewable capacity, and 362 MW of coal-based capacity. Further, renewable projects of 977 MW are under development. Total generation capacity, including projects under advanced stages of development, is 5,264 MW.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.