Tata's Rs 15,000 Crore Pumped Hydro Investment

 Tata Power Company is embarking on a transformative endeavor to establish pumped hydro storage projects, totaling 2,800 MW in capacity, with an investment outlay of Rs 15,000 crore by the financial year 2028-29.

This ambitious initiative involves collaboration with its subsidiary, Tata Power Renewable Energy (TPREL). TPREL will integrate these pumped hydro storage projects with various energy sources to ensure continuous power supply to utilities, as well as the commercial and industrial sectors. By doing so, Tata Power aims to address the intermittent nature of renewable energy (RE) projects, aligning with the evolving landscape of India's electricity system.

This strategic move is a key component of Tata Power's broader strategy to bolster its renewable energy portfolio. Recognizing India's substantial on-river pumped storage potential, estimated at 103 GW by the Central Electricity Authority, the company intends to leverage its reservoir assets to contribute significantly to this capacity. In doing so, Tata Power reaffirms its commitment to sustainable and dependable energy solutions.

Pumped hydro storage functions as a dual-reservoir system operating at varying elevations, effectively serving as a massive energy storage mechanism. During periods of surplus power generation from renewable projects, this excess energy is harnessed to pump water to the higher reservoir, ready to be released and generate electricity when needed.

News by Rahul Yelligetti