Torrent Power Secures LoI for 1,500 MW Pumped Hydro Storage Project.

Torrent Power Ltd has received a Letter of Intent (LoI) from Maharashtra State Electricity Distribution Co Ltd (MSEDCL) to supply 1,500 MW of energy from its upcoming pumped hydro storage project in Raigad district, Maharashtra. The LoI was issued on September 17, following Torrent Power’s successful bid for the project.

Under the agreement, Torrent Power will provide 1,500 MW of storage capacity, capable of delivering 12,000 megawatt hours (MWh) of energy, for a duration of 40 years. The project will allow for a scheduled discharge of 8 hours per day, with a maximum continuous discharge of 5 hours. MSEDCL will supply the input energy required to charge the storage facility.

As the penetration of solar and wind power increases, the demand for reliable energy storage solutions becomes crucial for stabilizing renewable energy supply. Torrent Power has identified multiple pumped hydro storage project (PSP) sites across India and plans to install 5 to 8 GW of PSP capacity, requiring an investment of ₹25,000 to ₹35,000 crore.

In addition to pumped storage, Torrent Power is also exploring other green energy initiatives, including Green Hydrogen and Green Ammonia production, as part of its long-term growth strategy.

HBL