Moneycontrol
HomeNewsBusinessPumped storage projects get fast-track approval from Central Electricity Authority
Trending Topics

Pumped storage projects get fast-track approval from Central Electricity Authority

At least 39 PSPs totaling 47 GW are being pursued for commissioning by the years 2029–2030.

June 08, 2023 / 21:32 IST
Story continues below Advertisement

Pumped storage

The government has revamped the approval process for pumped storage projects (PSPs) with the Central Electricity Authority (CEA) amending the detailed project report (DPR) permissions to expedite the process of approvals, the Ministry of Power said in a statement on June 8.

Citing an example, the Power Ministry said the CEA has accorded concurrence to a PSP of 1,350 MW at Sileru in Andhra Pradesh (AP) in record time of 70 days against the stipulated timeline of 90 days. The project is being developed by APGENCO (an AP government undertaking).

Story continues below Advertisement

On June 8, the government of Madhya Pradesh allotted a 525 MW pumped
storage power project to NHDC Ltd, a subsidiary of NHPC Ltd. The PSP will be constructed using the existing reservoirs (Indira Sagar and Omkareshwar) of the Indira Sagar Project. At least 1226.93 million units of
energy will be generated in peak hours from this PSP, which will be built at an estimated cost of Rs 4,200 crore.

Besides, the Maharashtra government also signed an MoU with NHPC Ltd. for setting up 7350 MW of PSPs.