Tata Power signs MoU For Pumped Hydro Storage Projects

Tata Power, one of India’s largest Integrated Power companies, 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 western Indian state.

The collaboration is poised to drive the state towards its goal of becoming a $1 Trillion economy by 2028 while concurrently generating employment for over 6,000 people. These projects will be situated at Shirawta, Pune (1800 MW) and Bhivpuri, Raigad (1000 MW) districts.

The projects will also support Maharashtra’s and India’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 the lower reservoir to the 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 state.

Tata Power’s legacy in this region spans a century, operating three hydropower projects – Khopoli Hydro Generating Station, Bhivpuri Hydro Generating Station, and Bhira Hydro Generating Station which includes a 150 MW Pumped Storage Hydro project.

The clean and sustainable power generated from these projects has played an important role in the economic and commercial development of Mumbai and its surroundings, while the water released from these plants has been instrumental in the overall economic growth of the Raigad and Thane districts.

“The signing of this MoU is a major step forward in Tata Power’s journey towards a clean and green energy future. Pumped Hydro Storage is a reliable and efficient way to store energy, and these projects will support renewable solar and wind projects to ensure a 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, of Tata Power.