Torrent Power Limited, one of the leading private sector integrated power utilities with a presence across generation, transmission, and distribution and part of the Torrent Group, has received a letter of award from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for long-term supply of 2,000 Megawatt (MW) Energy Storage Capacity from InSTS Connected Pumped Hydro Storage Plant.
This 2,000 MW capacity includes 1,500 MW Capacity for which MSEDCL already issued a Letter of Intent on September 17, 2024. The Company has now received an allotment of an additional 500 MW capacity under the tender taking the total capacity allocated to 2,000 MW.
MSEDCL will procure energy storage capacity from Torrent Power’s InSTS Connected Pumped Hydro Storage for 40 years. The Company plans to supply the storage capacity from its upcoming InSTS Connected Pumped Hydro Storage 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. MSEDCL shall provide the input energy for charging.
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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