Torrent Power to supply of 2,000 MW Energy Storage Capacity to MSEDCL
Torrent Power has been awarded a 40-year contract by MSEDCL to supply 2,000 MW energy storage from a pumped hydro storage plant in Maharashtra. This includes an additional 500 MW on top of a previous award. The company is investing in various rene...
This 2,000 MW capacity is inclusive of 1,500 MW Capacity for which Letter of Intent was already issued by MSEDCL on September 17, 2024. The Company has now received allotment of additional 500 MW capacity under the tender taking the total capacity allocated to 2,000 MW, the company said in a press statement.
MSEDCL will procure energy storage capacity from Torrent Power’s InSTS-connected pumped hydro storage for a period of 40 years. The Company plans to supply the storage capacity from its upcoming InSTS connected pumped hydro storage pumped hydro storage plant being set up in Maharashtra.
Under the Energy Storage Facility Agreement (ESFA), the company shall make available to MSEDCL a contracted capacity of 2,000 MW capable of scheduled discharge of 8 hours (with a maximum continuous 5 hours) per day. The input energy for charging shall be provided by MSEDCL.
Considering the growing need for energy storage solutions with increased penetration of solar and wind electricity generation capacities, Torrent Power Limited stands committed to providing firm, reliable, and dispatchable renewable energy power. As part of this, Torrent Power has identified Pumped Storage Project (PSP) sites in multiple states, besides Maharashtra. The Company has already announced its intentions to install about 5 to 8 GW of PSP capacity entailing investment of Rs 25,000 to Rs 35,000 Crores.
As part of its future growth strategy, the Company is also working on other Green Energy pathways like Green Hydrogen and Green Ammonia Production projects. Torrent Power continues with its commitment to increasing sustainable generation and contributing meaningfully to the country’s ambitious renewable targets.
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