ReNew to Invest Rs 90 bn in Storage Project in Odisha
POWER & RENEWABLE ENERGY

ReNew to Invest Rs 90 bn in Storage Project in Odisha

Renewable energy company ReNew has signed a memorandum of understanding (MoU) with the Odisha government to establish a 1,500 MW pumped hydro storage project at Putabali in Ganjam district. The project is expected to involve an investment of Rs. 90 bn.

The MoU was signed during the Bharat Renewable Energy Summit 2026 in the presence of Odisha Chief Minister Mohan Charan Majhi and Deputy Chief Minister Kanak Vardhan Singh Deo. The facility forms part of ReNew’s broader investment programme in the state, valued at approximately Rs. 450 bn.

ReNew founder, chairman and chief executive officer Sumant Sinha said energy storage was becoming increasingly important to India’s clean energy transition. He said the company was developing an integrated clean energy platform that combined renewable power generation, storage and supporting infrastructure to provide reliable, round-the-clock clean electricity.

The company said its investment in Odisha reflected a long-term commitment to developing clean energy infrastructure and supporting the state’s economic and social development. In addition to energy infrastructure, ReNew has been undertaking community development initiatives in education, essential services, sustainable livelihoods and climate resilience.

Pumped hydro storage projects store electricity by moving water between reservoirs at different elevations. The stored water can later be released through turbines to generate power when demand rises or renewable generation from sources such as solar and wind is unavailable.

The proposed Ganjam project is expected to support the integration of renewable energy into the power system by providing storage capacity and improving supply reliability. ReNew’s wider investment plan in Odisha will position the state as an important location for the company’s clean energy and infrastructure activities.

Renewable energy company ReNew has signed a memorandum of understanding (MoU) with the Odisha government to establish a 1,500 MW pumped hydro storage project at Putabali in Ganjam district. The project is expected to involve an investment of Rs. 90 bn. The MoU was signed during the Bharat Renewable Energy Summit 2026 in the presence of Odisha Chief Minister Mohan Charan Majhi and Deputy Chief Minister Kanak Vardhan Singh Deo. The facility forms part of ReNew’s broader investment programme in the state, valued at approximately Rs. 450 bn. ReNew founder, chairman and chief executive officer Sumant Sinha said energy storage was becoming increasingly important to India’s clean energy transition. He said the company was developing an integrated clean energy platform that combined renewable power generation, storage and supporting infrastructure to provide reliable, round-the-clock clean electricity. The company said its investment in Odisha reflected a long-term commitment to developing clean energy infrastructure and supporting the state’s economic and social development. In addition to energy infrastructure, ReNew has been undertaking community development initiatives in education, essential services, sustainable livelihoods and climate resilience. Pumped hydro storage projects store electricity by moving water between reservoirs at different elevations. The stored water can later be released through turbines to generate power when demand rises or renewable generation from sources such as solar and wind is unavailable. The proposed Ganjam project is expected to support the integration of renewable energy into the power system by providing storage capacity and improving supply reliability. ReNew’s wider investment plan in Odisha will position the state as an important location for the company’s clean energy and infrastructure activities.

Related Stories

Gold Stories

Next Story
Equipment

BorgWarner secures three turbocharger contracts with global powertrain leader

BorgWarner has secured three new turbocharger contracts with a global powertrain technology company. The wins comprise one contract for its variable turbine geometry (VTG) turbocharger and two for its wastegate turbocharger. The technologies will be deployed in the customer's light-vehicle gasoline platforms in South America and Europe, with production scheduled to begin in 2027.The VTG turbochargers are designed for gasoline engines operating under demanding conditions and high-boost pressure requirements. They are engineered to support Miller-cycle engines and withstand exhaust temperatures ..

Next Story
Infrastructure Transport

International Digi Yatra Trials Begin at Seven Airports

India has begun trials of Digi Yatra for international passengers at seven airports, allowing eligible Indian passport holders to use facial recognition at selected airport checkpoints. The facility is currently limited to Indian nationals with e-passports travelling on selected international flights operated by Air India and IndiGo. The Civil Aviation Ministry announced the trials on 1 November, with testing scheduled through December 2026. A wider rollout is expected in 2027 after the ministry assesses passenger feedback gathered during the trial period, according to PTI. The system is inten..

Next Story
Infrastructure Transport

Air India Plans More Wide-Body Jets, CEO Signals Profitability Soon

Air India is seeking to expand its order for wide-body aircraft as it works to increase international passenger traffic, chief executive Tewolde Gebremariam said on Tuesday. The Tata Group-owned carrier is also targeting a return to profitability in the near term, as its turnaround programme addresses fleet, network and service challenges. The comments came months after Gebremariam took charge of the airline. Gebremariam, who previously led Ethiopian Airlines, said the airline wanted more wide-body aircraft. Air India has held discussions with Boeing and Airbus while assessing the economics of..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code