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THDC to invest ₹33,600 crore to set up 6,790 MW pump storage projects in Maharashtra | Mint

Livemint

Livemint · 11m ago

THDC to invest ₹33,600 crore to set up 6,790 MW pump storage projects in Maharashtra | Mint

State-run THDC India Ltd has signed a memorandum of understanding (MoU) with the government of Maharashtra to invest ₹33,600 crore in setting up six pumped storage projects in the state. The projects will have a combined capacity of 6,790 MW. The MoU aims to facilitate the development of these projects by assisting THDC in conducting surveys, obtaining clearances, and preparing detailed project reports. Maharashtra will provide water allocation necessary for the projects, and THDC is committed to submitting detailed project reports for approval.

Related News

Tata Power to invest Rs 13,000 crore in Maharashtra to set up two hydro projects

IndianStartupNews

IndianStartupNews · 2y ago

Tata Power to invest Rs 13,000 crore in Maharashtra to set up two hydro projects

Tata Power has signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to develop two large Pumped Hydro Storage projects (PSP) with a combined capacity of 2800 Megawatts (MW) in the state.

IPO-bound NTPC Green Energy targets investments worth ₹1 lakh crore in wind, solar assets by FY27 | Company Business News

Livemint

Livemint · 9m ago

IPO-bound NTPC Green Energy targets investments worth ₹1 lakh crore in wind, solar assets by FY27 | Company Business News

NTPC Green Energy, a leading renewable energy company in India, plans to invest up to ₹1 lakh crore in solar and wind assets by FY27. The company aims to raise ₹10,000 crore through its upcoming IPO and generate the remaining funds through internal accruals. NTPC Green Energy, a subsidiary of NTPC Ltd, currently has an installed capacity of 3,220 MW and plans to increase it to 19,000 MW by March 2027. The IPO will be open from November 19-22 and is one of the largest offerings in recent times. The company also has plans for green hydrogen, pump storage power, and energy storage.

Adani Group to invest ₹75,000 crore in Madhya Pradesh; to create employment for 15,000 people

Thehindubusinessline

Thehindubusinessline · 1y ago

Adani Group to invest ₹75,000 crore in Madhya Pradesh; to create employment for 15,000 people

The Adani Group is set to invest ₹75,000 crore in the Indian state of Madhya Pradesh. The investment will be allocated across sectors such as power generation, pump storage, cement, and more, providing employment for approximately 15,000 people. The group has already invested ₹18,000 crore in the state, creating 11,000 jobs. The majority of the planned investment will be in power generation, with ₹30,000 crore allocated to increase capacity from 1,200 MW to 4,400 MW. Other sectors, including road infrastructure and natural resources, will also receive significant investment. In January, the Adani Group committed to major investments in Tamil Nadu and Gujarat.

HCC-TPL joint venture gets Rs 2,470 crore order from Tata Power. Details here

Business Today

Business Today · 5m ago

HCC-TPL joint venture gets Rs 2,470 crore order from Tata Power. Details here

HCC-TPL, a 50:50 joint venture, secured a Rs 2,470 crore order from Tata Power for the Bhivpuri Off-Stream Pumped Storage Project in Maharashtra. This project involves a 1,000 MW capacity with multiple units. HCC is also engaged in executing five other hydroelectric projects, including the Tehri Pumped Storage System. HCC shares declined by 2.23% to Rs 24.60, marking a 36.14% drop year-to-date.

Storage system must to meet clean energy targets, says Manohar Lal

Economic Times

Economic Times · 1m ago

Storage system must to meet clean energy targets, says Manohar Lal

Power Minister Manohar Lal highlighted the necessity of an energy storage system to achieve clean energy goals, stabilize the grid, and provide continuous electricity. Over the past years, storage costs dropped drastically from ₹10 lakh/MW to ₹2.5 lakh/MW monthly. With shifts towards green hydrogen, India aims for energy independence. Current battery energy storage is 205 MW; new storage projects will increase capacities significantly by 2031-32, with a focus on hydro pumped storage projects reaching 50 GW in upcoming years.

Torrent Power wins ₹1,540-crore bid for 306 MW solar power project in Maharashtra

Thehindubusinessline

Thehindubusinessline · 1y ago

Torrent Power wins ₹1,540-crore bid for 306 MW solar power project in Maharashtra

Torrent Power has received a Letter of Award from Maharashtra State Electricity Distribution Co Ltd (MSEDCL) to set up a 306 MW grid-connected solar power project in Maharashtra. The ₹1,540 crore project will be implemented across 48 locations in Nasik district under the MSKVY 2.0 scheme. The project aims to provide stable daytime electricity to agriculture consumers through decentralised solar power projects. Upon completion, Torrent Power's renewable capacity will increase to 3 GW in the next 18-24 months.

Coal India gains on pact to explore opportunities in Rajasthan power demand surge

Money Control

Money Control · 1y ago

Coal India gains on pact to explore opportunities in Rajasthan power demand surge

Coal India has signed an agreement with Rajasthan Rajya Vidyut Utpadan Nigam (RRVUNL) to explore opportunities for securing power in Rajasthan. The agreement aims to set up 4,100 MW projects through a joint venture company across various identified projects, including thermal power, solar, pumped storage, and wind projects. In Q3FY24, Coal India reported a 17.8% YoY rise in consolidated net profit to Rs 9,093.69 crore. Additionally, its Chhattisgarh-based subsidiary, South Eastern Coalfield, received an environmental clearance to expand production capacity to 70 million tonnes per year.

Around 12,500 MW BESS projects under tendering

Economic Times

Economic Times · 1m ago

Around 12,500 MW BESS projects under tendering

Around 12,500 MW of Battery Energy Storage System (BESS) projects are currently in the tendering stage, with a pipeline of 3,300 MW, according to Ghanshyam Prasad, Chairperson of the Central Electricity Authority. The current BESS capacity in India is 205 MW, and the government aims to expand hydro pumped storage project capacity from 5 GW to 50 GW within the next six years. This development was discussed during the India Energy Storage Week event.

ACME Solar Holdings bags 275 MW/550 MWh battery energy storage projects from NHPC

Economic Times

Economic Times · 1m ago

ACME Solar Holdings bags 275 MW/550 MWh battery energy storage projects from NHPC

ACME Solar Holdings secured two battery energy storage projects totaling 275 MW/550 MWh from NHPC, a state-owned company. These projects were won at tariffs of Rs 2,10,000/MW/month for 50MW/100MWh and Rs 2,22,000/MW/month for 225MW/450MWh via an e-reverse auction. The projects are part of the Government of India’s viability gap funding scheme, offering Rs 27 lakh per MWh or 30% of the project cost, whichever is lower, as support.

Andhra govt cancels two Adani projects at company's request

Economic Times

Economic Times · 1m ago

Andhra govt cancels two Adani projects at company's request

The Andhra Pradesh government cancelled two Adani Green Energy Ltd's pumped hydro storage power projects due to local issues. The cancellation of the 1,200 MW Kurukutti and 1,000 MW Karrivalasa projects was requested by AGEL due to boundary disputes between Andhra Pradesh and Odisha. AGEL sought to adjust funds spent on facilitation for new projects due to survey difficulties. The State Investment Promotion Board agreed to the cancellations based on the developer's request.

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