Tata Power is investing in pumped storage hydropower, a technology that can potentially shape India’s sustainable-energy future. The company is planning a capital investment of INR13,000 crore in two such storage projects in Maharashtra.
Last weekend, while India surprised the world by not joining the Global Renewables and Energy Efficiency Pledge signed by 118 nations, Tata Power, the country’s largest integrated power company, will stick to its plan to invest 45% of its capital in the renewable-energy sector between FY24 and FY27. The estimated capex will be around INR60,000 crore till FY27. The company is betting on pumped storage hydropower, which is emerging as a reliable
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