Tata Power signs MoU for 2.8 GW pumped hydro storage in Maharashtra

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Tata Power, one of India’s largest integrated power companies, and the Government of Maharashtra have signed a Memorandum of Understanding (MoU) to develop two large pumped hydro storage projects (PSP) with a combined capacity of 2.8 GW in the state.

Tata Power will develop these projects with an estimated investment of INR 13,000 crore ($1,549.41 million).

The projects will be situated at Shirawta, Pune (1.8 GW) and Bhivpuri, Raigad (1 GW) districts.

“The projects will leverage the kinetic energy of water to create a stable and reliable power supply. During times of excess energy, water will be pumped from lower reservoir to higher reservoir, and during peak demand, the stored water will power turbines, thereby generating electricity. This initiative will significantly enhance energy security by providing peaking and continuous power supply along with other renewables such as solar and wind,” stated Tata Power.

 

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