Greenko Group to establish pumped storage facility worth 100 billion
POWER & RENEWABLE ENERGY

Greenko Group to establish pumped storage facility worth 100 billion

A Pumped Storage Project (PSP) will be built in Gandhi Sagar in the Neemuch District of Madhya Pradesh with an investment of INR 100 billion from Greenko Group, one of India's leading energy transition companies. The project would be built in the Neemuch district next to Gandhi Sagar, with a daily storage capacity of 11 GWh.

There will be significant cost savings as the unstable renewable electricity stored in the PSP project during lean demand hours will be later sent to help meet the state's changing peak power demand. Additionally, the PSP project will help MP state satisfy its legal RPO (Renewable Power Obligation) requirements as well as the recently announced ESO targets.

“The Group is committed towards transforming renewable energy from intermittent and inflexible energy to firm, dispatchable and on-demand energy controlled through digitization and long duration storage solutions to support the economy-wide shift towards carbon-free energy,” said Anil Chalamalasetty, CEO & MD, Greenko Group.

Over 4,000 individuals will reportedly be employed by the project. In Madhya Pradesh's five districts, Greenko now runs wind and solar power capacity with a total of more than 500 MW. By December 2024, Greenko's PSP is anticipated to be operational and connected to the ISTS Network.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

A Pumped Storage Project (PSP) will be built in Gandhi Sagar in the Neemuch District of Madhya Pradesh with an investment of INR 100 billion from Greenko Group, one of India's leading energy transition companies. The project would be built in the Neemuch district next to Gandhi Sagar, with a daily storage capacity of 11 GWh. There will be significant cost savings as the unstable renewable electricity stored in the PSP project during lean demand hours will be later sent to help meet the state's changing peak power demand. Additionally, the PSP project will help MP state satisfy its legal RPO (Renewable Power Obligation) requirements as well as the recently announced ESO targets. “The Group is committed towards transforming renewable energy from intermittent and inflexible energy to firm, dispatchable and on-demand energy controlled through digitization and long duration storage solutions to support the economy-wide shift towards carbon-free energy,” said Anil Chalamalasetty, CEO & MD, Greenko Group. Over 4,000 individuals will reportedly be employed by the project. In Madhya Pradesh's five districts, Greenko now runs wind and solar power capacity with a total of more than 500 MW. By December 2024, Greenko's PSP is anticipated to be operational and connected to the ISTS Network.

Next Story
Real Estate

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Next Story
Infrastructure Transport

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Next Story
Infrastructure Transport

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?