📷 Image: Wikimedia Commons / Ameyajkamat
Business
Tata Power greenlights ₹11,871 crore pumped‑storage project in Maharashtra
✍️ Livemint
🗓 11 Nov 2026, 11:16 PM
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Tata Power has approved a pumped‑storage hydroelectric scheme worth ₹11,871 crore in Maharashtra, aiming to boost renewable energy capacity and grid stability.
Tata Power announced the approval of a pumped‑storage hydroelectric project in Maharashtra with an estimated investment of ₹11,871 crore. The scheme is designed to store excess renewable electricity and release it during peak demand, thereby enhancing grid reliability.
Pumped‑storage facilities work by moving water between two reservoirs at different elevations, generating power when water flows downhill and using surplus electricity to pump water back up. The Maharashtra project will add a significant amount of flexible capacity to the state's power mix.
The initiative aligns with India's broader renewable‑energy goals and the government's push for more storage solutions to balance intermittent solar and wind generation. Tata Power expects the project to be developed over the coming years, contributing to the country's target of achieving 450 GW of renewable capacity by 2030.
Industry analysts view the approval as a strong signal of private sector confidence in large‑scale energy storage, a sector that has been identified as critical for meeting future electricity demand while reducing carbon emissions.
Pumped‑storage facilities work by moving water between two reservoirs at different elevations, generating power when water flows downhill and using surplus electricity to pump water back up. The Maharashtra project will add a significant amount of flexible capacity to the state's power mix.
The initiative aligns with India's broader renewable‑energy goals and the government's push for more storage solutions to balance intermittent solar and wind generation. Tata Power expects the project to be developed over the coming years, contributing to the country's target of achieving 450 GW of renewable capacity by 2030.
Industry analysts view the approval as a strong signal of private sector confidence in large‑scale energy storage, a sector that has been identified as critical for meeting future electricity demand while reducing carbon emissions.