Tata Power has secured a Letter of Award (LoA) from the Solar Energy Corp. of India (SECI) for the supply of 324 MW/2,592 MWh of pumped hydro energy storage from its 1 GW Bhivpuri pumped storage project (PSP) in Maharashtra’s Raigad district.
The capacity was awarded under SECI’s tariff-based global competitive bidding (PSP-I) for the procurement of 1.5 GW/12 GWh of pumped hydro storage capacity across India.
Under the award, Tata Power will provide energy storage services for 40 years from the scheduled commencement of supply date under an agreed fixed annual capacity charge and cycle loss framework. SECI will sign a pumped storage purchase agreement (PSPA) with Tata Power after executing pumped storage sale agreements with the buying entities.
The company is required to commence supply of storage capacity within 36 months from the effective date of the agreement.
The project will be developed under the build-own-operate (BOO) model and will provide 8 hours of energy storage, enabling reliable dispatch of electricity during periods of peak demand. It will connect to the 765/400 kV South Kalamb CTU Substation, an inter-state transmission system (ISTS).
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