Torrent Power has won a 1,500 MW pumped hydro storage project (PSP), and received a letter of intent (LoI) from Maharashtra State Electricity Distribution Company (MSEDCL). The pumped hydro storage project will supply power to MSEDCL for 40 years.

As part of the pumped hydro energy storage facility agreement (PHESFA), the company will make available to MSEDCL a contracted capacity of 1,500 MW capable of scheduled discharge of eight hours, with maximum continuous five hours, per day.

Torrent Power has a presence across the entire power value chain, from generation, transmission, to distribution, and is also working on green energy pathways like green hydrogen projects. 

The company intends to install about five to eight GW of PSP capacity entailing investment of Rs 25,000-35,000 crore, led by Increased penetration of solar and wind in electricity generation and has identified PSP sites in multiple states.