One of India’s leading integrated power businesses, Tata Power offers next-generation client Tata Power, one of India’s top integrated power companies, provides clients with cutting-edge solutions including solar rooftops, EV charging stations, and home automation in addition to having a presence along the whole value chain of traditional and renewable energy.
Tata Power has 12772 MW of generation capacity across all of its subsidiaries and joint ventures, with 30% of the capacity coming from clean and ecologically friendly sources.
Tata Power on Tuesday announced a Rs 13,000 crore investment for setting up two pumped hydro storage projects (PSPs) in Maharashtra.
Without sharing a timeline for the investment, the company said the two projects will have a combined capacity of 2,800 MW.
Explaining what is a PSP, a company statement said water will be pumped from a lower reservoir to a higher reservoir during times of excess energy, and the same water will be used to power turbines located lower down to generate electricity during peak demand.
The two PSPs will be set up at Shirawta, Pune (1,800 MW) and Bhivpuri, Raigad (1,000 MW) and generate employment for 6,000 people.
The company has been operating hydel projects in the state for over a century, having a presence in Khopoli, Bhira and Bhivpuri. Bhira includes a 150 MW PSP capacity.
A memorandum of understanding (MoU) was signed between the government of Maharashtra and the company on Tuesday in the presence of the state’s deputy chief minister Devendra Fadnavis.
The company’s managing director and chief executive Praveer Sinha said PSP is a reliable and efficient way to store energy, and the agreement is a major step forward for its journey towards a clean and green energy future.
The ecologically sensitive Western Ghats offer immense potential for PSPs courtesy of the natural topography and favourable geology, Tata Power said.
