Torrent Power secures LoI for 1,500 MW pumped hydro storage in Maharashtra

MSEDCL gets 1,500 MW pumped hydro storage for 40 years.

Torrent Power Limited has received a letter of intent from Maharashtra State Electricity Distribution Co. Limited (MSEDCL) for the procurement of 1,500 megawatts (MW) / 12,000 megawatt-hours of energy storage capacity.

Under the pumped hydro energy storage facility agreement, the company will provide the storage from its upcoming pumped hydro storage plant being set up in Raigad District, Maharashtra. The contracted capacity, to be supplied for 40 years, is capable of a scheduled discharge of eight hours (with maximum continuous five hours) per day.

MSEDCL will supply the charging energy under the agreement.

Torrent Power has identified pumped storage plant (PSP) sites across India, and plans to install up to eight gigawatts of PSP capacity. It is also looking into green hydrogen and green Ammonia production projects.

The company has 4.4 gigawatt-peak (GWp) of installed generation capacity, as well as 3.1 GWp of renewable projects under development. It plans to commission 10 GWp of renewable capacity by 2030.

Also Read

ADB grants $15m to boost Tajikistan’s grid upgrade

Eco Wave enters Asian market with onshore wave project in Taiwan

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit