Torrent Power has signed a Memorandum of Understanding (MoU) with the government of Maharashtra for three pumped storage hydro projects with a total capacity of 5,700 MW. In a regulatory filing, the company said that the projects would entail an investment of about Rs 27,000 crore and would provide employment to approximately 13,500 people during the construction period. “Torrent intends to execute these projects over a period of 5 years,” it said.
The project, Torrent Power said, would be executed at three sites identified by the company and this includes Karjat (3,000 MW) in Raigarh District, Maval, (1,200 MW) and Junnar (1,500 MW) in Pune District. All of these sites are off-stream and the projects are planned to provide a minimum of six hours of energy storage on a daily basis.
