Tata Power signs MoU with the Government of Maharashtra for development of 2,800 MW of pumped hydro storage projects

Tata Power and the Government of Maharashtra have signed a memorandum of understanding (MoU) to develop two large pumped hydro storage projects (PSP) with a combined capacity of 2,800 MW in the state.

These projects will be spread across two sites: Shirawta, Pune (1,800 MW) and Bhivpuri, Raigad (1,000 MW), and will entail an estimated investment of Rs 130 billion.  Additionally, these projects will support Maharashtra government’s goal of achieving a $1 trillion economy by 2028. The advanced pumped hydro technology will play a pivotal role in stabilising the grid and ensuring an uninterrupted power supply, thereby bolstering the integration of renewable energy sources like solar and wind.