Deals Counterparts

Torrent Power picks L&T to build India’s largest pumped hydro storage facility

Development Pumped Hydro Energy Storage announced Maharashtra, India Jan 15, 2026
3000 MW
Capacity
development
Stage
Saidongar-1 Pumped Storage Project
Project

Torrent Power has contracted Larsen & Toubro to construct a 3GW pumped hydro energy storage (PHES) plant in Maharashtra, India. The project will be India’s largest pumped hydro energy storage facility to date and will support grid reliability and energy security. The project will require the construction of new upper and lower reservoirs and will be capable of delivering 6-hour discharge daily, implying an energy storage capacity of 18GWh.

Deal Analysis

Torrent Power's contract with Larsen & Toubro (L&T) to build a 3GW pumped hydro energy storage (PHES) plant in Maharashtra, India, represents a significant investment in grid-scale energy storage. The Saidongar-1 Pumped Storage Project, slated to be India's largest PHES facility, underscores the growing importance of energy storage solutions to support the integration of renewable energy sources and enhance grid stability. The project will involve the construction of upper and lower reservoirs, providing a daily discharge capacity of 6 hours, equivalent to 18GWh of energy storage. This development highlights Torrent Power's commitment to expanding its renewable energy portfolio and L&T's capabilities in executing large-scale infrastructure projects. The deal is notable for its scale, the involvement of established players, and its potential impact on the Indian energy market. The 3GW capacity is substantial, positioning the project as a key contributor to India's energy storage infrastructure. Torrent Power, as a leading energy company, and L&T, with its extensive EPC experience, bring credibility and expertise to the project. The successful completion of this project could pave the way for further investments in pumped hydro storage and other energy storage technologies in India, contributing to a more reliable and sustainable energy system.
  • India's largest pumped hydro energy storage facility with 3GW capacity.
  • Developed by Torrent Power, a leading Indian energy company.
  • Construction by Larsen & Toubro (L&T), a multinational EPC giant.
  • 18GWh energy storage capacity, providing 6-hour daily discharge.
Market Context: India's energy sector is undergoing rapid transformation with increasing renewable energy integration. Energy storage solutions, particularly pumped hydro, are becoming crucial for grid stability and reliability. This project reflects the growing demand for such solutions in the Indian market.

Timeline

Announced
Jan 15, 2026
Signed
Closed

Market Context

This deal is part of the Pumped Hydro Energy Storage sector in India.
2
Pumped Hydro Energy Storage deals
156
deals in India
1 of 1 Pumped Hydro Energy Storage deals tracked this month · Updated daily

Stay informed

Weekly infrastructure deal intelligence — PPAs, acquisitions, data centers, and more.

Subscribe to Newsletter