Tata Power to develop 2,800 MW pumped hydro storage projects in India
The projects will be located in the state of Maharashtra.
Tata Power signed a memorandum of understanding (MOU) with the Government of Maharashtra to build two pumped hydro storage projects with a total capacity of 2,800 megawatts (MW) to support its existing solar and wind plants.
In a statement, Tata Power said of the two projects with an estimated investment of around $1.6b (INR130b), a 1,800 MW plant will be developed in Shirawta, Pune, whilst the remaining 1,000 MW plant will be built in Bhivpuri, Raigad.
“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,” said Dr Praveer Sinha, CEO & MD, Tata Power.
Tata Power added that the project will support the Maharashtra government’s goal of becoming a $1t economy by 2028 and will provide employment opportunities for over 6,000 people.
$1 = INR82.97