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.
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