THDCIL Signs MoU & PPA with Govt. of Gujarat for 184 MW Clean Power from India's First Variable Speed Pumped Storage Plant

In a landmark development for India’s renewable energy landscape, THDC India Limited signed a Memorandum of Understanding and Power Purchase Agreement (PPA) with the Government of Gujarat and Gujarat Urja Vikas Nigam Limited for the supply of 184.08 MW of power from Tehri Pumped Storage Plant in Uttarakhand.

The agreement is aimed at supporting Gujarat’s peak-hour power demand and enabling the large-scale integration of renewable energy (RE) into the grid. The signing ceremony, held on 25th June, 2025, was graced by Shri Kanubhai Desai, Hon’ble Minister of Finance, Energy and Petrochemicals, Government of Gujarat; Shri S. J. Haider, Additional Chief Secretary, Government of Gujarat; Shri Anupam Anand, MD, GUVNL; Ms. Bhakti Shamal, Joint Secretary, Government of Gujarat; Shri R. K. Vishnoi, CMD, THDCIL; Shri Sipan Kumar Garg, Director (Finance), THDCIL and Shri K. P. Jangid, Director (Finance), GUVNL

Sh. Vishnoi stated that this agreement reinforces THDCIL’s commitment to driving the energy transition through innovative hydropower technologies. With India’s first Variable Speed Pumped Storage Plant, we are offering Gujarat a reliable and green energy solution to meet its dynamic peak-hour requirements. The Tehri PSP stands as a testament to THDCIL’s engineering excellence and vision for a sustainable energy future. THDCIL is steadily advancing sustainable energy solutions through innovative and State-of-Art technologies in Power Generation. The focus remains on reliability, flexibility, and supporting India’s clean energy transition.

Sh. Sipan Kumar Garg, Director (Finance), THDCIL, added that this marks a strategic step in THDCIL’s journey toward delivering innovative and commercially viable clean energy solutions. The organization remains committed to driving sustainable growth through such forward-looking initiatives.

The MoU and PPA also align closely with the Government of India’s vision of promoting pumped storage technology as a reliable solution for flexible generation and grid balancing, particularly in the face of rising renewable penetration and variable demand patterns.

Sh. Sourav Nandy, GM (Finance), GUVNL, Sh. R. K. Verma, AGM, THDCIL, Sh. Ajay Vaish, DGM, THDCIL and other officers of Govt. of Gujarat and GUVNL were also present during the occasion.