ReNew Plans ₹12,500 Crore Investment in 2 GW Pumped-Storage Hydropower Project in Andhra Pradesh

Andhra Pradesh, India | 12 November 2026

ReNew Energy Global Plc has announced an in-principle investment commitment of ₹12,500 crore to develop a 2 GW pumped-storage hydropower project in Andhra Pradesh, strengthening the state's renewable-energy infrastructure and grid-scale energy storage capacity.

The investment was announced following discussions between ReNew Chairman and CEO Sumant Sinha and Andhra Pradesh Minister Nara Lokesh during the CII Partnership Summit in Visakhapatnam.

The proposed facility will utilise pumped-storage technology, transferring water to an elevated reservoir during periods of surplus electricity and releasing it through hydropower turbines during peak demand. The development will support renewable-energy integration, grid stability and reliable power supply.

The project forms part of ReNew's broader ₹29,500 crore investment commitment, which also includes ₹17,000 crore for green ammonia and e-fuel production.

The development presents potential opportunities for civil construction, reservoir infrastructure, tunnelling, electromechanical equipment and EPC contractors. However, the project's precise location, statutory approvals, implementation schedule and commissioning timeline remain unconfirmed.