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Tata Power and the Government of Maharashtra have signed an MoU to build two large Pumped Hydro Storage Projects with a capacity of 2800 MW. This initiative is expected to generate employment for over 6,000 people. Projects will be situated at Shirawta, Pune (1800 MW) and Bhivpuri, Raigad (1000 MW) districts.
The two plants will be situated in Shirvata, Pune and Bhivpuri, Raigad and will generate employment for over 6,000 people.
Deputy CM of Maharashtra, Devendra Fadnavis and CEO of Tata Power, Praveer Sinha attended the signing ceremony which was held in the Mantralaya in Mumbai.
CHATTANOOGA, Tennessee — The Tennessee Valley Authority is the biggest and most important public utility in the country. It also, historically, has resisted a rapid shift away from fossil fuels.
Shares of Torrent Power rose 8.88 per cent to hit a 52-week high of Rs 666 on BSE. Its market capitalisation swelled to Rs 31,607.76 crore. Torrent Power said it intends to execute these projects over a period of 5 years.