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Tata Power, a leading player in India’s power sector, has entered into a Memorandum of Understanding (MoU) with the Government of Maharashtra to embark on an innovative journey towards advancing sustainable energy solutions. The two are collaborating to develop two Pumped Hydro Storage projects (PSP), collectively generating a massive 2800 Megawatts (MW) of power within the state. With a joint financial commitment estimated at around Rs. 13000 Crores, these trailblazing initiatives are set to solidify Maharashtra’s position in the clean energy landscape while propelling the state’s ambitious goal of achieving a $1 Trillion economy by 2028. Moreover, these projects are anticipated to create more than 6,000 employment opportunities, contributing to regional economic growth.
The signing ceremony for this partnership took place at the esteemed Mantralya in Mumbai, graced by dignitaries including Shri Devendra Fadnavis, the Hon’ble Deputy Chief Minister of Maharashtra; Ms. Abha Shukla, Principal Secretary of the Energy Department; Dr. Praveer Sinha, CEO & MD of Tata Power; Mr. Vijay Namjoshi, Chief-Generation at Tata Power; and Mr. Prabhakar Kale, Chief-Hydros at Tata Power, alongside other distinguished guests.
Dr. Praveer Sinha, CEO & MD of Tata Power, emphasized the historical significance of this collaboration, stating, “The signing of this MoU is a major step forward in Tata Power’s journey towards clean and green energy future. Pumped Hydro Storage is a reliable and efficient way to store energy, and these projects will support renewable solar and wind projects to ensure reliable, 24/7 consistent power supply. This is a historic moment for both Maharashtra and Tata Power, and we are proud to be a part of this initiative.”
The proposed projects, positioned at Shirawta in the Pune district (1800 MW) and Bhivpuri in the Raigad district (1000 MW), harness the potential of pumped hydro technology to ensure a steady and robust power supply. During periods of excess energy generation, water will be elevated from a lower reservoir to a higher one, while during peak consumption times, the stored water will be employed to drive turbines, generating electricity. This innovative approach is expected to enhance energy security by providing both peak and continuous power supply, synergizing seamlessly with other renewable sources such as solar and wind. Furthermore, the successful implementation of these pioneering pumped hydro ventures, with a cumulative capacity of 2800 MW, will substantially bolster the nation’s clean energy capacity.
The geographical advantage of the Western Ghats, characterized by its natural topography and favorable geology, is pivotal in facilitating the realization of these Pumped Storage Hydro Projects. Tata Power’s legacy in this region spans a century, with operational hydropower facilities such as the Khopoli Hydro Generating Station, Bhivpuri Hydro Generating Station, and Bhira Hydro Generating Station, inclusive of a 150 MW Pumped Storage Hydro project. The sustainable energy generated by these plants has played a pivotal role in the socio-economic development of Mumbai and its neighboring areas, contributing significantly to the economic growth of the Raigad and Thane districts.
Tata Power’s commitment to embracing clean energy technologies is a resounding testament to its dedication to a more sustainable future. This MoU solidifies grid stability, enhances the seamless integration of renewable sources, and promises a transformative impact on the energy sector. The scalability and efficiency inherent in these projects underpin Tata Power’s commitment to a greener tomorrow, effectively reshaping the energy landscape for generations to come.
