NHPC, Torrent Energy signal MoUs with Maharashtra govt for pumped hydro initiatives

New Delhi: NHPC and Torrent Energy Ltd have signed a MoUs with the federal government of Maharashtra for growth of pumped hydro storage initiatives.

In a press release, state-run NHPC mentioned that below its MoU with the state authorities the hydro energy main envisages growth of 4 pumped storage initiatives aggregating to 7350 MW specifically Kalu (1150 MW), Savitri (2250 MW), Jalond (2400 MW) and Kengadi (1550 MW) and different renewable power supply initiatives within the state. These initiatives will appeal to an funding of about 44,000 crores and create almost 7000 direct and oblique employment alternatives within the state. 

Torrent Energy additionally has tied as much as develop three pumped hydro storage initiatives within the state.

An announcement by Torrent Energy mentioned that the initiatives would entail an funding of about 27,000 crore and would offer employment to round 13,500 individuals in the course of the development interval, mentioned an organization assertion. Torrent intends to execute these initiatives over a interval of 5 years, it mentioned.

The initiatives can be executed at three websites recognized by Torrent specifically Karjat (3,000 MW) in Raigarh District, Maval, (1,200 MW) and Junnar (1,500 MW) in Pune District. All of the websites are off-stream and the initiatives are deliberate to offer a minimal of six hours of power storage each day.

The share of renewable energy, which is intermittent in nature, is quickly rising within the grid. This necessitates power storage for load administration and assembly peak demand. Pumped storage hydro is a longtime, confirmed and cost-effective know-how for agency, versatile and dispatchable energy. It’s a configuration of two water reservoirs at totally different elevations. Water is pumped to the higher reservoir on the time of extra energy when it’s the most cost-effective. 

On the time of demand when energy is dear, water circulation from higher reservoir to decrease reservoir generates energy with a hydraulic turbine. 

Torrent Energy at the moment has an combination put in technology capability of 4.1 GW, which consists largely of unpolluted technology sources corresponding to fuel (2.7 GW) and renewables (1.07 GW).

It additionally has renewable capability of 0.7 GW below growth. Torrent’s development focus in energy technology stays on renewables, the corporate mentioned, including that to enrich its rising portfolio of renewables and distribution, the corporate is strategically coming into the space for storing to satisfy the void left within the grid by intermittent renewable energy.

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Up to date: 06 Jun 2023, 10:00 PM IST