Torrent Power Ltd. Awarded 2,000 MW Energy Storage Capacity from INSTS Connected Pumped Hydro Storage Plant by MSEDCL

Torrent Power Ltd. has been awarded two Letter of Awards from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the procurement of 2,000 MW Energy Storage Capacity from an INSTS Connected Pumped Hydro Storage Plant. The awarded capacity includes 500 MW allotted against quoted bid and 1,500 MW allotted under Greenshoe Option. The supply of energy storage capacity is capable of scheduled discharge of 8 hours with maximum 5 hours continuous discharge per day, and the term of the contract is 40 years. The energy facility agreement stipulates that the total capacity of 2,000 MW must be commissioned within 48 months. The order was awarded by a domestic entity, MSEDCL, and there are no related party transactions involved.