Tata Power to invest Rs 11,000 crore in Pune pumped hydro project
MUMBAI: Tata Power Company Ltd (TPCL) will invest ₹11,000 crore in setting up a pumped hydro storage (PSP) project in Shirawta in Pune, Maharashtra, CEO and MD, Praveer Sinha told ET on Tuesday.
“We will start the work on Shirawta project next July. It will take five years to complete. We will be investing Rs 11000 crore in the project and financing it through a combination of 70:30 debt-equity ratio,” said Sinha on the sidelines of the Distribution Utility Meet being held in Mumbai.
