Tata Power 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 2800 Megawatts (MW) in the state. These projects, with an estimated investment of approximately Rs 13,000 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 $1 Trillion economy by 2028 while concurrently generating employment for over 6,000 people.
These projects are set to support Maharashtra's and country’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 renewable 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.
Tata Power Company is India’s largest integrated power company.
