NHPC seeks 20,000+ MW in pumped storage ventures
POWER & RENEWABLE ENERGY

NHPC seeks 20,000+ MW in pumped storage ventures

NHPC, a state-run hydropower company, is actively pursuing pumped storage projects (PSPs) with a capacity exceeding 20,000 megawatts (MW) in various states including Maharashtra, Odisha, and Andhra Pradesh.

It was stated that PSPs make use of excess grid power from thermal power stations or other sources to pump water from a lower reservoir to an upper reservoir. This stored water can then be utilized to generate power during peak demand periods when there is a shortage of electricity.

According to NHPC CMD R K Vishnoi, "NHPC is currently working on developing PSPs with a total capacity of 20,625 MW across different states in the country. Additionally, we have signed several Memoranda of Understanding (MoUs) with entities such as the Department of Energy in Maharashtra, GRIDCO in Odisha, DVC, and the Department of Energy in Andhra Pradesh to further this objective."

He explained that the large-scale development of hydro PSPs is of utmost importance as it can play a significant role in balancing the power grid and meeting peak power requirements. Additionally, it can facilitate energy arbitrage, provide ancillary services, and assist in the smooth integration of renewable energy sources.

Vishnoi emphasised that NHPC, in alignment with the changing energy landscape and market trends in the country, has diversified its business portfolio to focus on the development of PSPs as part of its business growth plan.

The Ministry of Power has introduced various policy initiatives to expedite the implementation of PSPs, recognizing their importance in integrating intermittent renewable energy sources with the power transmission grid. These projects enable the supply of dispatchable renewable energy and contribute to fulfilling the peak power demands of the grid.

Previously, Power Secretary Alok Kumar had mentioned that the ministry had issued guidelines for PSPs in April 2023, receiving a positive response from the industry. He stated, "I have been informed that the industry has approached the Central Electricity Authority (CEA) with proposals for nearly 30,000 MW of PSP projects."

The CEA has projected a requirement of 236 gigawatt hours (GWh) for Battery Energy Storage Systems (BESS) and 27 GW for PSPs by the fiscal year 2032 in India.

India has identified a potential capacity of approximately 119 GW for PSPs, consisting of 109 projects. Currently, eight projects with a capacity of 4.7 GW are operational, and four projects with a capacity of 2.8 GW are under construction. The government aims to commission 39 hydro PSPs with a total capacity of 47 GW by fiscal year 2030.

Furthermore, the CEA has granted approval for two projects totaling 2.3 GW, and construction for these projects is expected to commence soon.

Also read:
NTPC Green Energy invites bids for Offshore Wind Power Projects in India
GUVNL invites bids for 500 MW Wind Power Projects with Greenshoe Option


NHPC, a state-run hydropower company, is actively pursuing pumped storage projects (PSPs) with a capacity exceeding 20,000 megawatts (MW) in various states including Maharashtra, Odisha, and Andhra Pradesh. It was stated that PSPs make use of excess grid power from thermal power stations or other sources to pump water from a lower reservoir to an upper reservoir. This stored water can then be utilized to generate power during peak demand periods when there is a shortage of electricity. According to NHPC CMD R K Vishnoi, NHPC is currently working on developing PSPs with a total capacity of 20,625 MW across different states in the country. Additionally, we have signed several Memoranda of Understanding (MoUs) with entities such as the Department of Energy in Maharashtra, GRIDCO in Odisha, DVC, and the Department of Energy in Andhra Pradesh to further this objective. He explained that the large-scale development of hydro PSPs is of utmost importance as it can play a significant role in balancing the power grid and meeting peak power requirements. Additionally, it can facilitate energy arbitrage, provide ancillary services, and assist in the smooth integration of renewable energy sources. Vishnoi emphasised that NHPC, in alignment with the changing energy landscape and market trends in the country, has diversified its business portfolio to focus on the development of PSPs as part of its business growth plan. The Ministry of Power has introduced various policy initiatives to expedite the implementation of PSPs, recognizing their importance in integrating intermittent renewable energy sources with the power transmission grid. These projects enable the supply of dispatchable renewable energy and contribute to fulfilling the peak power demands of the grid. Previously, Power Secretary Alok Kumar had mentioned that the ministry had issued guidelines for PSPs in April 2023, receiving a positive response from the industry. He stated, I have been informed that the industry has approached the Central Electricity Authority (CEA) with proposals for nearly 30,000 MW of PSP projects. The CEA has projected a requirement of 236 gigawatt hours (GWh) for Battery Energy Storage Systems (BESS) and 27 GW for PSPs by the fiscal year 2032 in India. India has identified a potential capacity of approximately 119 GW for PSPs, consisting of 109 projects. Currently, eight projects with a capacity of 4.7 GW are operational, and four projects with a capacity of 2.8 GW are under construction. The government aims to commission 39 hydro PSPs with a total capacity of 47 GW by fiscal year 2030. Furthermore, the CEA has granted approval for two projects totaling 2.3 GW, and construction for these projects is expected to commence soon. Also read: NTPC Green Energy invites bids for Offshore Wind Power Projects in India GUVNL invites bids for 500 MW Wind Power Projects with Greenshoe Option

Next Story
Real Estate

Emaar to invest Rs 1,000 crore in Gurugram housing project

Emaar India, a prominent real estate developer, has announced a major new project in Gurugram, one of the most sought-after residential locations in the National Capital Region (NCR). The company is investing approximately Rs 1,000 crore in the development of a luxury housing project named ‘Amaris.’ The project, situated on Golf Course Extension Road in Gurugram’s Sector 62, will span over 6.2 acres and is expected to feature 522 high-end apartments, with a total development potential of 15 lakh square feet. This project, launched in response to the growing demand for premium residentia..

Next Story
Infrastructure Urban

Punjab-Haryana HC slams ED over IREO money laundering investigation

The Punjab and Haryana High Court criticised the Enforcement Directorate (ED) for conducting a ‘slipshod and unprofessional’ investigation into money laundering cases involving IREO and its functionaries. The court directed the ED's director to address the lapses in the probe. The court noted that the accused company's real estate assets were allowed to be disposed of without proper oversight. Justice Kuldeep Tiwari issued these directives after being informed of a November 6 order by a coordinate bench, in which Gulshan Babbar sought the cancellation of bail granted to IREO MD Lalit Goya..

Next Story
Infrastructure Urban

Capitaland to buy 40% stake in SC Capital Partners for $209.31 mn

Singapore's CapitaLand Investment announced that it plans to acquire a 40 per cent stake in SC Capital Partners Group (SCCP) for $280 million. Additionally, the company intends to invest at least $524 million in SCCP. The acquisition of the 40 per cent stake in SCCP, a Singapore-based real estate investment manager, is expected to increase CapitaLand's funds under management (FUM) by $11 billion. The company explained that this move would strengthen its presence in Japan, its key market, where 76 per cent of the additional $11 billion FUM is located. In its statement, CapitaLand emphasised t..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000