Torrent Power signs MoU for 5,700 MW pumped storage hydro projects

08 Jun 2023 CW Team

The three project sites identified by Torrent Power are Karjat (3,000 MW) in Raigarh District, Maval (1,200 MW), and Junnar (1,500 MW) in Pune District. These sites are off-stream and designed to provide a minimum of six hours of energy storage on a daily basis, as stated in a press release by Torrent Power.

The increasing share of intermittent renewable power in the grid necessitates energy storage for effective load management and meeting peak demand. Pumped Storage Hydro (PSH) technology offers a proven and cost-effective solution for reliable, flexible, and dispatchable power. PSH involves two water reservoirs located at different elevations. During periods of excess power and low cost, water is pumped to the upper reservoir. When there is a demand for power and prices are high, the water flows from the upper reservoir to the lower reservoir, generating power through a hydraulic turbine. PSH provides longer duration storage of 6 to 10 hours, with the feasibility of multiple cycle operations during the day. It offers advantages over batteries, such as lower cost and a longer lifespan of 40 years.

Currently, Torrent Power has an aggregate installed generation capacity of 4.1 GW, primarily sourced from clean energy generation such as gas (2.7 GW) and renewables (1.07 GW). Additionally, the company has 0.7 GW of renewable capacity under development. Torrent Power aims to focus on renewable energy for its power generation portfolio and intends to strategically enter the storage space to address the grid's requirements resulting from intermittent renewable power.

On Tuesday, Torrent Power's scrip on the BSE closed at Rs 611.65, recording a 3.92 per cent increase. The benchmark Sensex index ended the day flat.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Torrent Power and the Government of Maharashtra have signed a Memorandum of Understanding (MoU) to establish three Pumped Storage Hydro Projects in Maharashtra. These projects, with a total capacity of 5,700 MW, will require an investment of approximately Rs 270 billion. During the construction period, around 13,500 individuals are expected to be employed. Torrent Power plans to execute these projects over a span of five years. The three project sites identified by Torrent Power are Karjat (3,000 MW) in Raigarh District, Maval (1,200 MW), and Junnar (1,500 MW) in Pune District. These sites are off-stream and designed to provide a minimum of six hours of energy storage on a daily basis, as stated in a press release by Torrent Power. The increasing share of intermittent renewable power in the grid necessitates energy storage for effective load management and meeting peak demand. Pumped Storage Hydro (PSH) technology offers a proven and cost-effective solution for reliable, flexible, and dispatchable power. PSH involves two water reservoirs located at different elevations. During periods of excess power and low cost, water is pumped to the upper reservoir. When there is a demand for power and prices are high, the water flows from the upper reservoir to the lower reservoir, generating power through a hydraulic turbine. PSH provides longer duration storage of 6 to 10 hours, with the feasibility of multiple cycle operations during the day. It offers advantages over batteries, such as lower cost and a longer lifespan of 40 years. Currently, Torrent Power has an aggregate installed generation capacity of 4.1 GW, primarily sourced from clean energy generation such as gas (2.7 GW) and renewables (1.07 GW). Additionally, the company has 0.7 GW of renewable capacity under development. Torrent Power aims to focus on renewable energy for its power generation portfolio and intends to strategically enter the storage space to address the grid's requirements resulting from intermittent renewable power. On Tuesday, Torrent Power's scrip on the BSE closed at Rs 611.65, recording a 3.92 per cent increase. The benchmark Sensex index ended the day flat.

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..