Date: November 11, 2026

Board Meeting Outcomes

The Board of Directors at its meeting held on November 11, 2026 approved a significant capital investment in energy infrastructure:

  • Investment Approved: ₹11,871 crore for a 1,800 MW Pumped Storage Project at Shirwata, Maharashtra
  • Project Timeline: 51 months for completion
  • Financing Structure: 75% debt financing and 25% equity financing

Project Details

  • Project Type: Pumped Storage Hydro Project (PSP)
  • Capacity Addition: 1,800 MW
  • Location: Shirwata, Maharashtra

Strategic Rationale

The Pumped Storage Project will be instrumental in:

  • Enabling Renewable Energy Round the Clock (RE-RTC) applications
  • Facilitating energy shifting capabilities
  • Contributing to decarbonization of hard-to-abate industries

Current Capacity Context

  • Existing Capacity: 16.9 GW overall
  • Capacity Utilization: Operating at optimum level