Tata Power Inks Pact with Maharashtra Government to Develop 2800 MW of Pumped Hydro Storage Projects
With a proposed total investment of approximately INR 13000 crore, these projects will support the state’s clean energy landscape. The 1800 MW Pumped Hydro Storage Project would be located at Shirawata, Pune and 1000 MW PSP at Bhivpuri, Raigad district.
August 09, 2023. By Anurima Mondal
These projects, with an estimated investment of approximately INR 13000 crore, will be situated at Shirawta, Pune (1800 MW) and Bhivpuri, Raigad (1000 MW) districts. The collaboration is poised to drive the state towards its ambitious goal of becoming a USD 1 trillion economy by 2028 while concurrently generating employment for over 6,000 people.
“The signing of this MoU is a major step forward in the Tata Power’s journey towards clean and green energy future. Pumped Hydro Storage is a reliable and efficient way to store energy, and these projects will support the renewable solar and wind projects to ensure reliable, 24/7 consistent power supply. This is a historic moment for both Maharashtra and Tata Power, and we are proud to be a part of this initiative,” said Dr Praveer Sinha, CEO & MD, Tata Power.
The MoU signing ceremony was held at the Mantralya in Mumbai and graced by esteemed dignitaries, including the Deputy Chief Minister of Maharashtra, Devendra Fadnavis; Abha Shukla - Principal Secretary, Energy Department; Dr. Praveer Sinha - CEO & MD of Tata Power; Vijay Namjoshi - Chief-Generation, Tata Power; Prabhakar Kale - Chief-Hydros, Tata Power, along with other distinguished guests.
These projects are set to support Maharashtra's energy landscape, leveraging 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. With the setting up of 2800 MW pumped hydro capacity, these projects will significantly contribute to cleaner capacity addition in the country.
please contact: contact@energetica-india.net.
Aman Mehtani
Founder & Group CEO
ADM Group Offers Smart, Sustainable Solutions for Global Automotive Industry
Gaurav Dolwani
CEO
From Scrap to Sustainability: LICO Materials’ Circular Economy Approach
Gaurav Kumar
Head of Supply Chain and Manufacturing
Euler Motors Bridges Cost Gap Between EVs and ICE Vehicles with Localization
Shveta Arya
India Region Leader
Powering India’s Mobility Future: Cummins Showcases Advanced Power Solutions at Bharat Mobility
Samkit Shah
Co-Founder
Jitendra EV Leading Hybrid EV Revolution with Hydrix