Torrent Power Ltd, NTPC and Gujarat Industries Power Company Ltd quoted Rs 1.94 per unit, a source said.
Reuters File Photo.
Mumbai: Leading private sector power utility, Torrent Power Ltd, has received Letter of Award from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for long-term supply of 2,000 Megawatt (MW) Energy Storage Capacity from InSTS Connected Pumped Hydro Storage Plant.
This 2,000 MW capacity is inclusive of 1,500 MW Capacity for which Letter of Intent was already issued by MSEDCL in September.
The company has now received allotment of additional 500 MW capacity under the tender taking the total capacity allocated to 2,000 MW, according to a press statement issued on Tuesday.
MSEDCL will procure energy storage capacity from Torrent Power’s InSTS Connected Pumped Hydro Storage for a period of 40 years. The company plans to supply the storage capacity from its upcoming InSTS Connected Pumped Hydro Storage pumped hydro storage plant being set up in Maharashtra.
Under the Energy Storage Facility Agreement (ESFA), the Company shall make available to MSEDCL a contracted capacity of 2,000 MW capable of scheduled discharge of 8 hours (with maximum continuous 5 hours) per day. The input energy for charging shall be provided by MSEDCL.