CEA approves 2 PSPs totalling 2,500 MW, aims for 25,500 MW by 2025

24 Sep 2024 CW Team

The approval of the projects received backing from the Central Water Commission (CWC), the Geological Survey of India (GSI), and the Central Soil and Materials Research Station (CSMRS). The CEA granted approval within ten days of receiving the developers' Detailed Project Reports (DPRs), which were submitted through the newly launched online portal "Jalvi-store."

The developers of these PSPs expressed their commitment to expediting the completion of the projects, aiming for commissioning within 44 to 46 months, by 2028. These large-scale energy storage projects are anticipated to enhance grid stability by providing energy storage during non-solar hours and facilitating the integration of renewable energy into the grid.

The CEA aims to approve at least two PSPs each month this year, targeting a total of 15 hydro PSPs with a combined capacity of 25,500 MW during 2024-25. To date, four PSPs with a capacity of 5,100 MW have been approved.

To improve efficiency and transparency, the CEA has streamlined the PSP approval process through the "Jalvi-store" portal, removing certain pre-DPR chapters and offering clearer guidelines. Multiple teams from the GSI and CWC have been designated to expedite the approval of design chapters.

A CEA official remarked that the approval of these projects, led by private developers, highlights the increasing role of the private sector in facilitating India’s energy transition, emphasizing the collaborative efforts between public and private sectors to achieve India's renewable energy targets.

In a significant advancement towards India's renewable energy objectives, the Central Electricity Authority (CEA) approved two new pumped storage projects (PSPs) in Maharashtra. These projects consist of the 1,500 MW Bhavali PSP, being developed by JSW Energy, and the 1,000 MW Bhivpuri PSP by Tata Power Co, collectively contributing over 15 GWh of storage capacity. The approval of the projects received backing from the Central Water Commission (CWC), the Geological Survey of India (GSI), and the Central Soil and Materials Research Station (CSMRS). The CEA granted approval within ten days of receiving the developers' Detailed Project Reports (DPRs), which were submitted through the newly launched online portal Jalvi-store. The developers of these PSPs expressed their commitment to expediting the completion of the projects, aiming for commissioning within 44 to 46 months, by 2028. These large-scale energy storage projects are anticipated to enhance grid stability by providing energy storage during non-solar hours and facilitating the integration of renewable energy into the grid. The CEA aims to approve at least two PSPs each month this year, targeting a total of 15 hydro PSPs with a combined capacity of 25,500 MW during 2024-25. To date, four PSPs with a capacity of 5,100 MW have been approved. To improve efficiency and transparency, the CEA has streamlined the PSP approval process through the Jalvi-store portal, removing certain pre-DPR chapters and offering clearer guidelines. Multiple teams from the GSI and CWC have been designated to expedite the approval of design chapters. A CEA official remarked that the approval of these projects, led by private developers, highlights the increasing role of the private sector in facilitating India’s energy transition, emphasizing the collaborative efforts between public and private sectors to achieve India's renewable energy targets.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..