Tata Power and the Maharashtra government sign an agreement for two 2800 MW pumped hydro facilities

9 Aug 2023 , 12:30 PM

Tata Power and the Government of Maharashtra have signed a memorandum of understanding 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.

‘Pumped Hydro Storage is a dependable and efficient way to store energy, and these initiatives will support clean energy such as solar and wind projects to ensure a reliable, 24/7 consistent power supply,’ stated Dr. Praveer Sinha, CEO & MD, Tata Power.

According to a statement from Tata Power, the partnership would help the state achieve its lofty goal of having a $1 trillion economy by 2028 while also creating jobs for more than 6,000 people.

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