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Tata Power Plans to Set up 2,800 MW Pumped Hydro Projects by 2029

Tata Power Company is planning to establish pumped hydro storage projects with a cumulative capacity of 2,800 MW with an investment of Rs 15,000 crore by the financial year 2028-29.

 

For this, the company will tie up with its subsidiary Tata Power Renewable Energy (TPREL), which in turn will bundle it with other energy sources and provide round-the-clock power to utilities and the commercial and industrial sector. Tata Power's initiative aligns with broader trends in India's electricity system recognizing the growing importance of pumped hydro storage in addressing the intermittency challenges associated with RE projects.

 

The initiative is part of Tata Power's strategy to enhance its renewable energy (RE) portfolio. The Central Electricity Authority's estimates indicate a significant on-river pumped storage potential of 103 GW in India. The firm, leveraging its own reservoirs, aims to contribute to the realization of this potential, reinforcing its commitment to sustainable and reliable energy solutions.

 

Pumped hydro storage operates as a two-reservoir system at different elevations, effectively functioning as a colossal battery. When surplus power is available from renewable projects, it is utilized to pump water to the higher reservoir.

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