Tata Power has signed a memorandum of understanding (MoU) with the government of Maharashtra to set up two pumped hydro storage projects (PSP). These PSPs will have a combined generation capacity of 2,800 MW and are expected to cost Rs 130 billion. The projects will be located in two separate locations. The 1,800 MW PSP will be set up in Shirawta, Pune and the 1,000 MW plant in Bhivpuri, Raigad. It is estimated that the project will provide employment to over 6,000 people.
The project is being set up to create a dependable and consistent power supply and support Maharashtra’s energy sector. Tata Power currently operates three hydro power projects- Khopoli Hydro Generating Station, Bhivpuri Hydro Generating Station, and Bhira Hydro Generating Station that includes 150 MW pumped storage hydro project.
It was announced in August 2024 that Tata Power and DGPC had formed a partnership to develop the 600 MW Khorlochhu hydropower project in Bhutan. In May 2024, Tata Power Renewable Energy Limited had signed a power purchase agreement (PPA) with SJVN for a 460 MW firm and dispatchable renewable energy (FDRE) project.
