India Identifies Over 200 GW of Hydro Pumped Storage Potential

07 Aug 2025 CW Team

The country currently has an installed capacity of 6.4 GW in pumped hydro storage, with 8 GW under construction and an additional 61 GW in various stages of planning and development. These projects are crucial for ensuring grid stability and supporting India’s expanding renewable energy portfolio.

India has already achieved 50% of its installed electricity capacity from non-fossil fuel sources, reaching this target five years ahead of the 2030 deadline. This progress reflects the government’s strong push toward sustainable energy solutions and decarbonisation.

To complement its ambitious renewable energy goals, India is significantly investing in energy storage systems (ESS) to ensure resource adequacy and seamless integration of variable sources like solar and wind into the national grid.

Union Minister for Power and Housing Affairs, Manohar Lal, highlighted that 43 gigawatt-hours (GWh) of Battery Energy Storage Systems (BESS) are being supported under the Viability Gap Funding (VGF) Scheme. The government has earmarked INR 9,160 crore to implement these BESS projects.

The minister stated, “While renewable sources like solar and wind are the primary drivers of India’s energy transition, the backbone of a reliable and modern power system will increasingly depend on advanced energy storage systems.”

News source: Asian Power

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..