Major energy firms propose 39GW pumped storage projects

06 Sep 2023 CW Team

Energy giants including NHPC Ltd, Tata Power Ltd, Adani Green Energy Ltd, and JSW Energy Ltd have submitted proposals for pumped storage projects (PSPs) totalling 39GW in India. These projects could attract investments of up to ₹3.12 trillion. PSPs store excess energy by pumping water to an upper reservoir during low-demand periods and release it to generate electricity when demand rises. These projects, along with battery storage, play a crucial role in stabilising power supply alongside solar and wind energy projects.

The Central Electricity Authority (CEA) has received these proposals, with each PSP requiring an investment of ₹70-80 million per MW, resulting in a potential investment range of ₹2.73-3.12 trillion. Various energy companies are planning these projects to expand India's current installed PSP capacity of 4.7 GW.

NHPC is considering PSPs totalling 20,000-22,000MW, while Tata Power signed an MoU for two PSPs with a combined capacity of 2,800MW. Adani Green Energy and JSW Energy also have projects in the pipeline. These developments come after the power ministry issued guidelines in April to add around 5GW of PSPs, ensuring grid stability as India expands its renewable energy capacity.

Pumped storage offers an economical and large-scale solution for electricity distribution and is expected to remain cost-competitive compared to battery energy storage systems, with a longer estimated lifespan of 40 years.

Real Estate

11 May 2026

Danube Launches Greenz Villa Community in Dubai

Danube Properties has launched Greenz by Danube, a fully furnished master villa community in Dubai, unveiled by H.E. Sheikh Nahyan bin Mubarak Al Nahyan, UAE Minister of Tolerance and Coexistence, at an event attended by over 7,000 investors and business leaders.Located near Dubai International Academic City and Dubai Silicon Oasis, the development marks Danube’s first large-scale integrated villa community and is positioned within one of Dubai’s emerging residential corridors.The project will comprise three and four-bedroom townhouses along with five-bedroom semi-detached and twin villas...

ABB Launches IE6 Motor for Hazardous Industrial Areas

ABB has introduced what it claims is the world’s first IE6 Hyper-Efficiency motor certified for hazardous industrial environments under ATEX and IECEx standards.The new Increased Safety motor is based on ABB’s synchronous reluctance (SynRM) technology and is designed without magnets or rare earth materials. According to the company, the motor reduces energy losses by up to 60 per cent compared to standard IE3 induction motors commonly used in hazardous areas.The motor is intended for use in industries such as chemicals, marine, oil and gas, pharmaceuticals and food and beverage, where expl..

Casagrand Launches 41-Acre Highcity Project in Chennai

Casagrand has launched Casagrand Highcity, a 41-acre integrated residential development on Chennai’s Outer Ring Road (ORR), marking the company’s largest residential project to date.The project will comprise over 4,000 two and three BHK apartments across four G+22 towers and is positioned as one of the largest organised residential developments in the ORR corridor.Located along Chennai’s emerging residential and infrastructure growth belt, the project benefits from connectivity to IT hubs including Navalur, Siruseri SIPCOT and Porur, as well as industrial clusters such as Sriperumbudur, ..