Torrent lines up Rs 27,000 crore for 3 projects in Maharashtra
Torrent Power Ltd has signed a Memorandum of Understanding (MoU) with the Maharashtra government to set up three pumped storage hydro projects of 5,700 MW capacity.
The projects would entail an investment of about ₹27,000 crore and would provide employment to approx. 13,500 people over five years.
The projects would be executed at three sites identified by Torrent namely Karjat (3,000 MW) in Raigarh District, Maval, (1,200 MW) and Junnar (1,500 MW) in Pune District.
“All the sites are off-stream and the projects are planned to provide a minimum of six hours of energy storage on a daily basis,” Torrent Power said.
