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MUMBAI: Tata Power Company Ltd (TPCL) will invest ₹11,000 crore in setting up a pumped hydro storage (PSP) project in Shirawta in Pune, Maharashtra, CEO and MD, Praveer Sinha told ET on Tuesday. "We will start the work on Shirawta project next July. It will take five years to complete. We will be investing Rs 11000 crore in the project and financing it through a combination of 70:30 debt-equity ratio," said Sinha on the sidelines of the Distribution Utility Meet being held in Mumbai. Last year Tata Power Ltd. and the Government of Maharashtra signed a Memorandum of Understanding (MoU) to develop two large Pumped Hydro Storage projects (PSP) with a combined capacity of 2,800 Megawatts (MW) in the state.Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) Read More News onTata Power investmentPumped Hydro Storage projectShirawta Pune projectRs 11000 crore investmentMaharashtra hydro projectPraveer Sinha CEOtata power company ltd (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless (You can now subscribe to our Economic Times WhatsApp channel)Read More News onTata Power investmentPumped Hydro Storage projectShirawta Pune projectRs 11000 crore investmentMaharashtra hydro projectPraveer Sinha CEOtata power company ltd(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless
