500 MW pumped hydro storage project from MSEDCL

Torrent Power has received a letter of intent (LoI) from Maharashtra State Electricity Distribution Company (MSEDCL) for 1,500 MW pumped hydro storage project (PSP) to supply power for 40 years. Under the Pumped Hydro Energy Storage Facility Agreement (PHESFA), Torrent Power will provide MSEDCL with 1,500 MW of contracted capacity, with scheduled discharge capabilities for eight hours, including a continuous maximum of five hours per day. Torrent Power, which operates across the entire power value…