+
Tata Power to Invest Rs 110 Billion in Pune Hydro Project
POWER & RENEWABLE ENERGY

Tata Power to Invest Rs 110 Billion in Pune Hydro Project

Tata Power Company Ltd will invest Rs 110 billion in a pumped hydro storage project at Shirawta in Pune, Maharashtra, as part of its broader push to strengthen renewable energy infrastructure. The project work is scheduled to begin in July 2026 and is expected to be completed over five years, the company said.

The project will be financed through a 70:30 debt-equity structure and is one of two pumped storage plants agreed upon with the Maharashtra government, with a combined capacity of 2,800 MW. The Shirawta facility will have an installed capacity of 1,800 MW, while the second plant at Bhivpuri in Raigad will generate 1,000 MW.

According to company officials, the Bhivpuri project is already in discussions to secure commercial and industrial customers within the next six months.

Both projects are being developed through Tata Power Renewable Energy Ltd (TPREL), a subsidiary of Tata Power, as part of the company’s commitment to building grid-level energy storage capacity and supporting Maharashtra’s renewable energy goals.

By expanding its pumped hydro storage portfolio, Tata Power aims to enhance grid reliability, balance intermittent renewable generation, and support large-scale integration of solar and wind energy into the state’s electricity mix.

These projects represent a significant step in Tata Power’s long-term strategy to transition towards a cleaner and more sustainable energy ecosystem while contributing to India’s broader energy security and decarbonisation objectives.

Tata Power Company Ltd will invest Rs 110 billion in a pumped hydro storage project at Shirawta in Pune, Maharashtra, as part of its broader push to strengthen renewable energy infrastructure. The project work is scheduled to begin in July 2026 and is expected to be completed over five years, the company said. The project will be financed through a 70:30 debt-equity structure and is one of two pumped storage plants agreed upon with the Maharashtra government, with a combined capacity of 2,800 MW. The Shirawta facility will have an installed capacity of 1,800 MW, while the second plant at Bhivpuri in Raigad will generate 1,000 MW. According to company officials, the Bhivpuri project is already in discussions to secure commercial and industrial customers within the next six months. Both projects are being developed through Tata Power Renewable Energy Ltd (TPREL), a subsidiary of Tata Power, as part of the company’s commitment to building grid-level energy storage capacity and supporting Maharashtra’s renewable energy goals. By expanding its pumped hydro storage portfolio, Tata Power aims to enhance grid reliability, balance intermittent renewable generation, and support large-scale integration of solar and wind energy into the state’s electricity mix. These projects represent a significant step in Tata Power’s long-term strategy to transition towards a cleaner and more sustainable energy ecosystem while contributing to India’s broader energy security and decarbonisation objectives.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code