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Torrent Inks MoU with Maharashtra Govt to Set up 3 Pumped Storage Projects

Torrent Power has signed a memorandum of understanding (MoU) with the Maharashtra government to set up three pumped storage hydro projects of 5,700 MW capacity.

 

The projects entail an investment of about Rs 27,000 crore and would be executed at three sites, namely Karjat (3,000 MW) in Raigarh district, Maval, (1,200 MW) and Junnar (1,500 MW) in Pune district. All the sites involved in the project are off-stream.

 

The projects are planned to ensure a minimum of six hours of energy storage on a daily basis.

 

Pumped storage hydro is a proven and cost-effective technology for dispatchable power and allows flexibility. As the share of renewable power is rapidly increasing in the grid, energy storage for load management and meeting peak demand has acquired increasing importance.

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