The projects would entail an investment of about ₹27,000 crore and would provide employment to approx. 13,500 people over five years.
The projects would be executed at three sites identified by Torrent namely Karjat (3,000 MW) in Raigarh District, Maval, (1,200 MW) and Junnar (1,500 MW) in Pune District.
“All the sites are off-stream and the projects are planned to provide a minimum of six hours of energy storage on a daily basis,” Torrent Power said.
The share of renewable power, which is intermittent in nature, is rapidly increasing in the grid. This necessitates energy storage for load management and meeting peak demand. Pumped storage hydro is an established, proven and cost-effective technology for firm, flexible and dispatchable power.