NHPC seeks 20,000+ MW in pumped storage ventures

13 Jul 2023 CW Team

It was stated that PSPs make use of excess grid power from thermal power stations or other sources to pump water from a lower reservoir to an upper reservoir. This stored water can then be utilized to generate power during peak demand periods when there is a shortage of electricity.

According to NHPC CMD R K Vishnoi, "NHPC is currently working on developing PSPs with a total capacity of 20,625 MW across different states in the country. Additionally, we have signed several Memoranda of Understanding (MoUs) with entities such as the Department of Energy in Maharashtra, GRIDCO in Odisha, DVC, and the Department of Energy in Andhra Pradesh to further this objective."

He explained that the large-scale development of hydro PSPs is of utmost importance as it can play a significant role in balancing the power grid and meeting peak power requirements. Additionally, it can facilitate energy arbitrage, provide ancillary services, and assist in the smooth integration of renewable energy sources.

Vishnoi emphasised that NHPC, in alignment with the changing energy landscape and market trends in the country, has diversified its business portfolio to focus on the development of PSPs as part of its business growth plan.

The Ministry of Power has introduced various policy initiatives to expedite the implementation of PSPs, recognizing their importance in integrating intermittent renewable energy sources with the power transmission grid. These projects enable the supply of dispatchable renewable energy and contribute to fulfilling the peak power demands of the grid.

Previously, Power Secretary Alok Kumar had mentioned that the ministry had issued guidelines for PSPs in April 2023, receiving a positive response from the industry. He stated, "I have been informed that the industry has approached the Central Electricity Authority (CEA) with proposals for nearly 30,000 MW of PSP projects."

The CEA has projected a requirement of 236 gigawatt hours (GWh) for Battery Energy Storage Systems (BESS) and 27 GW for PSPs by the fiscal year 2032 in India.

India has identified a potential capacity of approximately 119 GW for PSPs, consisting of 109 projects. Currently, eight projects with a capacity of 4.7 GW are operational, and four projects with a capacity of 2.8 GW are under construction. The government aims to commission 39 hydro PSPs with a total capacity of 47 GW by fiscal year 2030.

Furthermore, the CEA has granted approval for two projects totaling 2.3 GW, and construction for these projects is expected to commence soon.

Also read:
NTPC Green Energy invites bids for Offshore Wind Power Projects in India
GUVNL invites bids for 500 MW Wind Power Projects with Greenshoe Option

NHPC, a state-run hydropower company, is actively pursuing pumped storage projects (PSPs) with a capacity exceeding 20,000 megawatts (MW) in various states including Maharashtra, Odisha, and Andhra Pradesh. It was stated that PSPs make use of excess grid power from thermal power stations or other sources to pump water from a lower reservoir to an upper reservoir. This stored water can then be utilized to generate power during peak demand periods when there is a shortage of electricity. According to NHPC CMD R K Vishnoi, NHPC is currently working on developing PSPs with a total capacity of 20,625 MW across different states in the country. Additionally, we have signed several Memoranda of Understanding (MoUs) with entities such as the Department of Energy in Maharashtra, GRIDCO in Odisha, DVC, and the Department of Energy in Andhra Pradesh to further this objective. He explained that the large-scale development of hydro PSPs is of utmost importance as it can play a significant role in balancing the power grid and meeting peak power requirements. Additionally, it can facilitate energy arbitrage, provide ancillary services, and assist in the smooth integration of renewable energy sources. Vishnoi emphasised that NHPC, in alignment with the changing energy landscape and market trends in the country, has diversified its business portfolio to focus on the development of PSPs as part of its business growth plan. The Ministry of Power has introduced various policy initiatives to expedite the implementation of PSPs, recognizing their importance in integrating intermittent renewable energy sources with the power transmission grid. These projects enable the supply of dispatchable renewable energy and contribute to fulfilling the peak power demands of the grid. Previously, Power Secretary Alok Kumar had mentioned that the ministry had issued guidelines for PSPs in April 2023, receiving a positive response from the industry. He stated, I have been informed that the industry has approached the Central Electricity Authority (CEA) with proposals for nearly 30,000 MW of PSP projects. The CEA has projected a requirement of 236 gigawatt hours (GWh) for Battery Energy Storage Systems (BESS) and 27 GW for PSPs by the fiscal year 2032 in India. India has identified a potential capacity of approximately 119 GW for PSPs, consisting of 109 projects. Currently, eight projects with a capacity of 4.7 GW are operational, and four projects with a capacity of 2.8 GW are under construction. The government aims to commission 39 hydro PSPs with a total capacity of 47 GW by fiscal year 2030. Furthermore, the CEA has granted approval for two projects totaling 2.3 GW, and construction for these projects is expected to commence soon. Also read: NTPC Green Energy invites bids for Offshore Wind Power Projects in India GUVNL invites bids for 500 MW Wind Power Projects with Greenshoe Option

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..