Torrent Power signs MoU with Government of Maharashtra for three pumped storage hydro projects

Torrent Power Limited has signed a memorandum of understanding (MoU) with the Government of Maharashtra for development of three pumped storage hydro projects of 5,700 MW capacity in Maharashtra.

The projects would be executed at three sites identified by Torrent namely Karjat (3,000 MW) in Raigarh District, Maval, (1,200 MW) and Junnar (1,500 MW) in Pune district. All the sites are off-stream and the projects are planned to provide a minimum of six hours of energy storage on a daily basis. The projects would entail an investment of about Rs 270 billion. Torrent intends to execute these projects over a period of five years.