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

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Real Estate

09 Mar 2026

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Real Estate

09 Mar 2026

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..