By earn 
Investment Overview
Recently, MS on Torrent Power has received a loan approval from Maharashtra Discom for a substantial 2GW pumped storage project. This initiative includes a portion of 1.5GW that was initially announced on September 17, 2024. The project is poised to contribute significantly to renewable energy storage solutions in the region.
Expected Financial Performance
The company anticipates an impressive annual revenue of Rs 16.8 billion from this project. Such projections highlight the potential profitability of the investment, especially considering the increasing demand for sustainable energy sources. Moreover, the project is expected to generate an equity internal rate of return (IRR) of approximately 15%, assuming a capital expenditure of Rs 50 million per megawatt.
Implications for the Energy Sector
This development is a promising sign for the energy sector in Maharashtra, as it reflects the ongoing commitment towards enhancing the infrastructure for renewable energy. The investment in pumped storage not only aids in balancing supply and demand but also supports the transition towards a more sustainable energy grid. With this new financing, MS on Torrent Power is in a position to significantly impact the energy landscape in the region.
