Torrent Power Wins 1,500 MW/12,000 Energy Storage Bid From MSEDCL

Torrent Power Wins 1,500 MW/12,000 Energy Storage Bid From MSEDCL

Torrent Power Limited recently secured a 1,500 MW pumped hydro storage project from the Maharashtra State Electricity Distribution Co. Limited (MSEDCL). Under this mutually agreement provisions, Torrent Power will procure 1,500 MW/12,000 MWh of energy storage capacity from the pumped hydro storage (PSP) project. MSEDCL will provide a detailed Letter of Award (LOI) after obtaining the necessary approval in terms of the tender document on the quoted tariff from the Maharashtra Electricity Regulatory Commission (MERC).

The company plans to supply the storage capacity from its upcoming pumped hydro storage plant in Raigad District, Maharashtra. Under the Pumped Hydro Energy Storage Facility Agreement (PHESFA), the company is expected to make available to MSEDCL a contracted capacity of 1,500 MW capable of scheduled discharge of 8 hours (with a maximum continuous 5 hours) per day. The input energy for charging is to be provided by MSEDCL.

Increased penetration of solar and wind in electricity generation will create a need for energy storage solutions to provide firm, reliable, and dispatchable renewable energy power.Torrent Power has identified Pumped Storage Project (PSP) sites in multiple states. It has already announced that it intends 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 growth strategy, the company is also working on other green energy pathways like green hydrogen and green ammonia Production projects. Torrent continues with its commitment to increasing sustainable generation and contributing meaningfully to the country’s ambitious renewable targets.

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About Torrent Power:

Torrent Power, the Rs. 27,183-Crores integrated power utility of the ₹ 41,000-Crores Torrent Group, is one of the largest companies in the country’s power sector with presence across the entire power value chain – generation, transmission and distribution. Generation:

With has an aggregate installed generation capacity of 4.4 GWp comprising of 2.7 GW of gas-based capacity, 1.3 GWp of renewable capacity and 362 MW of coal-based capacity. Additionally, Renewable projects of ~ 3.1 GWp are under development. It intends to commission 10 GWp of RE capacity by 2030.
Distribution:

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It distributed nearly 30 billion units to over 4.13 million customers in the cities of Ahmedabad, Gandhinagar, Surat, Dahej SEZ and Dholera SIR in Gujarat, Union Territory of Dadra and Nagar Haveli and Daman and Diu (DNH & DD); Bhiwandi, Shil, Mumbra and Kalwa in Maharashtra and Agra in Uttar Pradesh.