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Informist, Tuesday, Nov. 4, 2025

MUMBAI – Tata Power Co. Ltd. hopes to sign new customers for the pumped hydro project in Maharashtra in the next six months, Managing Director and Chief Executive Officer Praveer Sinha said in a media interaction here Tuesday. So far, the company has not been able to sign in any customer for its pump hydro project. "In Shirwata, we are getting clearances and approvals, so by June or July next year (it should happen)," he added.

Shirawta is one of the two proposed locations for pumped hydro storage projects that the company will develop in Maharashtra. The Shirawta project will have a capacity of 1,800 megawatts and is part of a larger 2,800 megawatt agreement with the Maharashtra government, including a 1,000 megawatt project at Bhivpuri which is under construction. This project aims to store excess energy from renewable sources such as solar and wind by pumping water to a higher reservoir and then releasing it to generate electricity during peak demand. The company currently has a 300 megawatt hydro plant in Bhira, Maharashtra, a 75 megawatt hydro plant in Bhivpuri, and 72 megawatt plant in Khopoli.

The company has applied for license for parallel electricity distribution in various regions of Maharashtra such as Pune, Nashik, and Navi Mumbai and also in Goa. The Ministry of Power has prepared the draft Electricity (Amendment) Bill 2025 in an effort to strengthen and reform the electricity sector in the country. Tata Power had applied for the license before the amendment was brought in. Sinha said this change will be beneficial to consumers as competition will lead to better service.

"...if the electricity supply is not good, it's not a reliable supply, tariff is not good, then you will say that I will buy from another as its cheaper," Sinha added. The company has not yet made the decision for the capital expenditure of this project and will decide once they get the approval. "...capex, when I get the area, I will have to take a call. Right now, it is a speculation. Suppose I get Navi Mumbai or Mumbai, then I will have to take a call," he said.

On Tuesday, shares of Tata Power closed 2% lower at INR 400.60 on the National Stock Exchange.  End

Reported by Ashutosh Pati

Edited by Ashish Shirke

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