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Tata Power to invest Rs 11,000-cr in pumped hydro storage project in Pune

Thursday, 06 Nov 2025
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Tata Power will invest Rs 11,000 crore in a pumped hydro storage (PSP) project in Shirawta, Pune.

The construction, set to begin in July 2025, will span five years, with a debt-equity structure of 70:30. This move is part of a larger initiative by Tata Power, which, in partnership with the Government of Maharashtra, aims to develop two PSP projects with a combined capacity of 2,800 MW in the state. The announcement was made by Tata Power CEO and MD, Praveer Sinha, at the Distribution Utility Meet in Mumbai. The Shirawta project is a key part of Maharashtra's growing renewable energy infrastructure, reflecting commitment to sustainable energy solutions.

Last year, Tata Power and the Government of Maharashtra entered into a memorandum of understanding (MoU) to develop two major PSP projects with a total capacity of 2,800 MW in the state.

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