Investment11 Nov 2026, 05:50 pm
Tata Power Approves ₹11,871 Cr Pumped Storage Project
AI Summary
Tata Power Company Ltd's Board of Directors has approved a significant investment of ₹11,871 crore for an 1,800 MW Pumped Storage Project (PSP) at Shirwata, Maharashtra. This project is slated for completion within 51 months and will be financed through 75% debt and 25% equity. The PSP is crucial for Renewable Energy Round the Clock (RE-RTC) applications, enabling energy shifting and supporting decarbonization efforts in hard-to-abate industries. This strategic addition aims to bolster the company's existing 16.9 GW capacity and enhance its renewable energy infrastructure.
Key Highlights
- Board approves 1800 MW Pumped Storage Project in Maharashtra.
- Total investment pegged at ₹11,871 crore.
- Project to be completed within 51 months.
- Financing mix: 75% debt, 25% equity.
- Project supports RE-RTC applications and decarbonization.
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