Torrent Power received LOI from MSEDCL for 1,500 MW Energy Storage Capacity from Pumped Hydro Storage Project.
The agreement is for a period of 40 years, with energy storage capacity supplied from Torrent Power's upcoming plant in Raigad District, Maharashtra.
Torrent Power plans to install about 5 to 8 GW of Pumped Storage Project (PSP) capacity.
The company is also working on other Green Energy pathways like Green Hydrogen and Green Ammonia Production projects.
This development is a significant step towards increasing sustainable generation and contributing to the country’s ambitious renewable targets.