Tata Power, Maharashtra Govt ink 2800 MW pumped hydro storage MoU

10 Aug 2023 CW Team

It was revealed that these projects, which are expected to require an investment of approximately Rs 130 billion, are planned to be located in the districts of Shirawta, Pune (1800 MW), and Bhivpuri, Raigad (1000 MW).

According to Dr Praveer Sinha, the CEO & MD of Tata Power, Pumped Hydro Storage is considered a reliable and efficient method for energy storage. He expressed that these initiatives will play a crucial role in supporting the renewable solar and wind projects by ensuring a consistent 24/7 power supply.

Tata Power conveyed through a statement that this collaboration is strategically aligned with the state's ambitious objective of achieving a $1 trillion economy by 2028. Additionally, it is anticipated that over 6,000 employment opportunities will be generated as a result of these projects.

A Pumped Hydro Storage project utilises the kinetic energy of water to establish a stable and dependable power supply. During periods of surplus energy, water is transferred from a lower reservoir to a higher one. Conversely, during periods of peak demand, the stored water is utilized to power turbines, thereby facilitating the generation of electricity.

Tata Power further commented that this undertaking will significantly augment energy security by providing both peaking and continuous power supply. They highlighted that these capabilities, in conjunction with other renewable sources like solar and wind, will be instrumental. The company emphasised that the installation of a pumped hydro capacity of 2800 MW will substantially contribute to the country's efforts to increase cleaner capacity.

The Western Ghats, with their natural topographical features and favorable geology, have been identified as holding tremendous potential for hosting Pumped Storage Hydro Projects. Tata Power has a long-standing presence in this region, spanning a century, during which they have been operating three hydro power projects: Khopoli Hydro Generating Station, Bhivpuri Hydro Generating Station, and Bhira Hydro Generating Station, which includes a Pumped Storage Hydro project with a capacity of 150 MW.

Also read:
NTPC, SJVN, Hinduja Win RUMSL's Phase II Solar Auction
BluPine and ACME Winners in RUVNL's 1.2 GW Solar

Tata Power and the Government of Maharashtra have announced that they have entered into a memorandum of understanding (MoU) to collaboratively develop two large Pumped Hydro Storage projects (PSP) in the state, with a combined capacity of 2800 Megawatts (MW). It was revealed that these projects, which are expected to require an investment of approximately Rs 130 billion, are planned to be located in the districts of Shirawta, Pune (1800 MW), and Bhivpuri, Raigad (1000 MW). According to Dr Praveer Sinha, the CEO & MD of Tata Power, Pumped Hydro Storage is considered a reliable and efficient method for energy storage. He expressed that these initiatives will play a crucial role in supporting the renewable solar and wind projects by ensuring a consistent 24/7 power supply. Tata Power conveyed through a statement that this collaboration is strategically aligned with the state's ambitious objective of achieving a $1 trillion economy by 2028. Additionally, it is anticipated that over 6,000 employment opportunities will be generated as a result of these projects. A Pumped Hydro Storage project utilises the kinetic energy of water to establish a stable and dependable power supply. During periods of surplus energy, water is transferred from a lower reservoir to a higher one. Conversely, during periods of peak demand, the stored water is utilized to power turbines, thereby facilitating the generation of electricity. Tata Power further commented that this undertaking will significantly augment energy security by providing both peaking and continuous power supply. They highlighted that these capabilities, in conjunction with other renewable sources like solar and wind, will be instrumental. The company emphasised that the installation of a pumped hydro capacity of 2800 MW will substantially contribute to the country's efforts to increase cleaner capacity. The Western Ghats, with their natural topographical features and favorable geology, have been identified as holding tremendous potential for hosting Pumped Storage Hydro Projects. Tata Power has a long-standing presence in this region, spanning a century, during which they have been operating three hydro power projects: Khopoli Hydro Generating Station, Bhivpuri Hydro Generating Station, and Bhira Hydro Generating Station, which includes a Pumped Storage Hydro project with a capacity of 150 MW. Also read: NTPC, SJVN, Hinduja Win RUMSL's Phase II Solar Auction BluPine and ACME Winners in RUVNL's 1.2 GW Solar

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Infrastructure Urban

02 Jun 2026

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Infrastructure Transport

02 Jun 2026

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..