The Maharashtra State Electricity Distribution Co. Limited (MSEDCL) has recently awarded a Letter of Intent (LOI) to Torrent Power Limited, the winning bidder, for the procurement of 1,500 MW/ 12,000 MWh of energy storage capacity from the Pumped Hydro Storage Project on September 17, 2024.
For a period of 40 years, MSEDCL will procure a 1,500 MW energy storage capacity from a pumped hydro storage project.
MSEDCL will issue a detailed letter of award after receiving the necessary approval from the Maharashtra Electricity Regulatory Commission (MERC) following the tender document on the quoted tariff.
In the exchange filing, the company also shared, “The Company plans to supply the storage capacity from its upcoming pumped hydro storage plant being set up in Raigad District, Maharashtra. Under the Pumped Hydro Energy Storage Facility Agreement (PHESFA), the Company shall make available to MSEDCL a contracted capacity of 1,500 MW capable of scheduled discharge of 8 hours (with maximum continuous 5 hours) per day. The input energy for charging shall be provided by MSEDCL.”
