Torrent Power inks pact with Maharashtra govt to build 3 hydro projects
Torrent Power Limited has signed a memorandum of understanding (MoU) with the Maharashtra government for the development of three pumped storage hydro projects of 5,700 MW capacity.
In a regulatory filing, the company said, “The projects would entail an investment of about Rs 27,000 crore and would provide employment to nearly 13,500 people during the construction period.”
Torrent intends to execute these projects over a period of 5 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.
