Tata Power Company is embarking on an undertaking, announcing its intention to construct pumped hydro storage facilities with a total capacity of 2,800 MW. This plan is set to invest Rs 15,000 crore by the conclusion of the financial year 2028–2029, aligns with Tata Power’s commitment to bolster its renewable energy (RE) portfolio.
Tata Power Company Limited is a leading integrated power company in India. Established in 1911, it is part of the Tata Group, one of India’s largest conglomerates. With a strong presence across the entire power value chain, Tata Power has a significant presence in generation, transmission, and distribution of electricity.
The company has a diverse portfolio of thermal, hydro, solar, and wind power generation capacities, making it one of the largest renewable energy players in India. Tata Power is also involved in power trading and has a growing international presence in countries such as Singapore, South Africa, and Zambia.
Committed to sustainable development, Tata Power is known for its focus on renewable energy and community development initiatives. In pursuit of its ambitious strategy, the company will collaborate closely with its subsidiary, TPREL. TPREL will be tasked with integrating pumped hydro storage projects with various other energy sources to ensure a consistent power supply for utilities, as well as for the commercial and industrial sectors.
This move is particularly noteworthy as the Central Electricity Authority estimates that India has a substantial on-river pumped storage capacity of 103 GW. Tata Power aims to play a pivotal role in realizing this immense potential by leveraging its reservoirs. This demonstrates the company’s unwavering commitment to providing reliable and sustainable energy solutions.
Functioning as a massive energy storage solution, pumped hydro storage involves the utilization of two reservoirs situated at varying heights. This setup efficiently transfers water to the higher reservoir when there’s surplus power from renewable energy sources, providing an effective means of storing and utilizing renewable energy.
