MUMBAI: Tata Power will develop pumped Hydro Storage at its existing hydro plants in Lonavala/ Pune, where the existing water reservoirs will be used. This was announced during the company’s 104th AGM on Monday.
“The company will double its capex this financial year to Rs 12,000 crore, well positioned to lead green energy transition,” said Tata Power chairman N. Chandrasekaran. He added that Tata Power is also focusing on growing its business footprint through emerging technologies like pumped Hydro Storage, Offshore Wind and Green hydrogen. It is also exploring new technologies like small modular nuclear reactors.
