Tata Power to develop pumped hydrogen project in Pune
Tata Power has plans to set up a pumped hydro storage (PSP) project in Shirawta in Pune. The proposed project would take an investment of Rs 11,000 crores and would take 5 years to complete.
The project would be financed through a combination of a 70:30 debt-equity ratio. Tata Power has signed a Memorandum of Understanding (MoU) to develop two large Pumped Hydropower Storage projects (PSP) with a combined capacity of 2,800 Megawatts (MW).
Also Read: Rs 13000 crore hydro projects planned by Tata Power