State-run hydropower company THDC India Ltd (THDCIL) has signed a memorandum of understanding and power purchase agreement (PPA) with the government of Gujarat and Gujarat Urja Vikas Nigam Ltd (GUVNL) for the supply of 184.08 MW of clean power from India’s first variable-speed pumped storage project at Tehri, Uttarakhand.
The agreement aims to support Gujarat’s rising peak-hour electricity demand while enabling seamless integration of renewable energy into the grid.
“This agreement reinforces THDCIL’s commitment to accelerating the energy transition through advanced hydropower solutions,” said R.K. Vishnoi, Chairman and Managing Director, THDCIL. “The variable-speed PSP at Tehri offers Gujarat a reliable, flexible, and green energy source for its dynamic load requirements.”
Sipan Kumar Garg, Director (Finance), THDCIL, added, “This marks a strategic milestone in delivering commercially viable clean energy solutions. We remain focused on sustainable growth and innovation in power generation.”
The MoU and PPA are aligned with the Government of India’s broader vision to promote pumped storage as a key enabler of flexible generation and grid stability—with rising renewable penetration and variable demand patterns.
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