Torrent Power bags 2000 MW Order from Maharashtra DISCOM
The term of the contract is 40 years and the total capacity is to be commissioned within 48 months of signing the energy storage facility agreement.
Torrent Power bags 2000 MW Order from Maharashtra DISCOM
New Delhi: Torrent Power got a letter of award from Maharashtra State Electricity Distribution Company (MSEDCL) for supplying 2,000 megawatt energy storage capacity from a connected pumped hydro storage plant.
This includes a letter of intent it received from MSEDCL in September for procurement of a 1,500-megawatt energy storage capacity. Now Torrent Power received a letter of award which increased the allotment by 500 megawatts, taking it to 2,000 megawatts.
The term of the contract is 40 years and the total capacity is to be commissioned within 48 months of signing the energy storage facility agreement. The contract will provide the company with annual revenue of Rs 1,680 crore.
Read Also : SCOPE’s Eudaimonia program highlights significance of ‘Living Well, Faring Well’Earlier, Torrent Power had announced that it would invest Rs 25,000 crore to Rs 35,000 crore to set up about 5 to 8 gigawatts of pumped storage project capacity.
Read Also : Bank of Maharashtra Q2 Business Update, Gross Advances stood at Rs 2.17 lakh crore, up by 15.46%News Must Read
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