New Guidelines Issued for Pumped Storage Projects
POWER & RENEWABLE ENERGY

New Guidelines Issued for Pumped Storage Projects

The Indian government, through the Ministry of Power, has issued comprehensive guidelines for the development of pumped storage projects (PSPs) across the country. These guidelines are aimed at bolstering the energy storage infrastructure, which is crucial for enhancing grid stability and supporting the integration of renewable energy sources into the power grid.

Purpose of the Guidelines: The primary objective of the new guidelines is to facilitate the growth of pumped storage projects, which are essential for providing reliable and flexible energy storage solutions. PSPs play a vital role in balancing power supply and demand, particularly as India continues to increase its renewable energy capacity.

Key Provisions: The guidelines outline a clear policy framework for the identification, planning, and execution of pumped storage projects. They emphasize the need for timely approvals, streamlined processes, and coordination between various government agencies to expedite project development.

Project Implementation: The guidelines address critical aspects of project implementation, including site selection, environmental clearances, land acquisition, and financial incentives. They also encourage private sector participation by providing a conducive environment for investment in PSPs.

Impact on Renewable Energy Integration: Pumped storage projects are expected to play a significant role in integrating renewable energy sources like solar and wind into the grid. By storing excess energy generated during off-peak hours and releasing it during peak demand, PSPs help in maintaining grid stability and ensuring a continuous power supply.

Support for Energy Transition: The introduction of these guidelines is part of India's broader strategy to transition to a cleaner and more sustainable energy mix. By promoting the development of pumped storage projects, the government aims to reduce reliance on fossil fuels and enhance the resilience of the power sector.

Future Prospects: The guidelines are expected to attract both domestic and international investments in the energy storage sector. With a favorable policy environment and increasing demand for reliable energy storage solutions, the pumped storage segment is poised for significant growth in the coming years.

These new guidelines reflect the government's commitment to advancing India's energy transition by fostering the development of crucial infrastructure like pumped storage projects. This move is seen as a step forward in achieving the nation's renewable energy targets and ensuring long-term energy security.

The Indian government, through the Ministry of Power, has issued comprehensive guidelines for the development of pumped storage projects (PSPs) across the country. These guidelines are aimed at bolstering the energy storage infrastructure, which is crucial for enhancing grid stability and supporting the integration of renewable energy sources into the power grid. Purpose of the Guidelines: The primary objective of the new guidelines is to facilitate the growth of pumped storage projects, which are essential for providing reliable and flexible energy storage solutions. PSPs play a vital role in balancing power supply and demand, particularly as India continues to increase its renewable energy capacity. Key Provisions: The guidelines outline a clear policy framework for the identification, planning, and execution of pumped storage projects. They emphasize the need for timely approvals, streamlined processes, and coordination between various government agencies to expedite project development. Project Implementation: The guidelines address critical aspects of project implementation, including site selection, environmental clearances, land acquisition, and financial incentives. They also encourage private sector participation by providing a conducive environment for investment in PSPs. Impact on Renewable Energy Integration: Pumped storage projects are expected to play a significant role in integrating renewable energy sources like solar and wind into the grid. By storing excess energy generated during off-peak hours and releasing it during peak demand, PSPs help in maintaining grid stability and ensuring a continuous power supply. Support for Energy Transition: The introduction of these guidelines is part of India's broader strategy to transition to a cleaner and more sustainable energy mix. By promoting the development of pumped storage projects, the government aims to reduce reliance on fossil fuels and enhance the resilience of the power sector. Future Prospects: The guidelines are expected to attract both domestic and international investments in the energy storage sector. With a favorable policy environment and increasing demand for reliable energy storage solutions, the pumped storage segment is poised for significant growth in the coming years. These new guidelines reflect the government's commitment to advancing India's energy transition by fostering the development of crucial infrastructure like pumped storage projects. This move is seen as a step forward in achieving the nation's renewable energy targets and ensuring long-term energy security.

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?