Tata Power and the Government of Maharashtra have signed a Memorandum of Understanding (MoU) to build two large Pumped Hydro Storage Projects (PSPs) with a capacity of 2800 MW. The projects will be located in the Western Ghats region of Maharashtra.
The MoU was signed by Praveer Sinha, CEO and MD of Tata Power, and Aaditya Thackeray, Minister of Energy, Government of Maharashtra, in the presence of Shri. Uday Samant, Minister of Water Resources, Government of Maharashtra.
The two PSPs will be developed in two phases. The first phase will consist of a 1400 MW PSP at Dhom Dam in Ratnagiri district. The second phase will consist of a 1400 MW PSP at Bhira Dam in Pune district.
The PSPs will be used to store excess renewable energy during the day and then discharge it during peak demand hours. This will help to balance the grid and improve the reliability of power supply in Maharashtra.
The PSPs are expected to be commissioned in 2028-29. The total investment in the project is estimated to be around Rs. 13,000 crore.
The MoU is a significant milestone in the development of renewable energy in India. It is also a sign of the commitment of Tata Power and the Government of Maharashtra to the clean energy transition.
Here are some of the benefits of the two PSPs:
- They will help to balance the grid and improve the reliability of power supply in Maharashtra.
- They will reduce the reliance on fossil fuels and help to reduce greenhouse gas emissions.
- They will create jobs in the construction and operation of the projects.
- They will boost the local economy.
The two PSPs are a major step forward for the clean energy transition in India. They will help to make the country's energy supply more reliable, cleaner, and affordable.
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